Charity Search / FRIENDS OF LITERACY INC
Education (B92Z) IRS Verified DX Registered 990 on File

FRIENDS OF LITERACY INC

EIN: 58-1984690 · KNOXVILLE, TN 37927-3158 · United States · FY 2025 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$250K
Total Revenue
$289K
Total Expenses
$82K
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 81.4%
Fundraising Efficiency 59.0%
Operating Reserve 3.43x
Liability-to-Asset 28.4%
Revenue Diversification 94.0%
Executive Compensation $74K
Compared with Peers
FY 2025
Compared with 11,239 similar organizations (United States, Education, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
81.4% 89.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
14.0% 7.7%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
4.6% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
59.0% 1.8%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
3.4 mo 9.2 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
28.4% 0.1%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
94.0% 88.0%
P10P90
Below median
Revenue growth
Year over year revenue growth
7.8% 6.3%
P10P90
Expense growth
Year over year expense growth
-2.2% 7.6%
P10P90
Surplus margin
Surplus as a share of revenue
-15.4% 3.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $250K $289K $82K 81.4% 3
2024 $232K $295K $121K 78.9% 3
2023 $293K $264K $184K 83.2% 3
2022 $241K $249K $159K 91.1% 3
2021 $264K $216K N/A — 3
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Organization Details
EIN
58-1984690
State
TN
City
KNOXVILLE
ZIP
37927-3158
Classification
B92Z
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1991
Foundation Code
15
Form 990
On File
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