Family Literacy Center
Lapeer, Michigan
A-Health Score
81A-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Very Good
💰
$477K
Total Revenue
📊
$429K
Total Expenses
🏦
$485K
Net Assets
📋
$5K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+14.1%
Year-over-year change (2022 → 2023)
Net Margin
+10.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.13
Net assets divided by total expenses
Liabilities-to-Assets
1.0%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $477,071↑14% | $428,997↑5% | $489,674↑12% | — |
| 2022 | $418,192↑12% | $407,452↑22% | $439,026↓13% | — |
| 2021 | $372,493 | $333,644↑11% | $501,867↑7% | — |
| 2020 | $372,336↑55% | $299,942↑16% | $469,426↑11% | — |
| 2019 | $239,739↓35% | $258,117↑12% | $424,261↓10% | — |
| 2018 | $370,546↑105% | $230,477↑23% | $472,128↑42% | — |
| 2017 | $180,438↓1% | $186,831↑7% | $332,887↓3% | — |
| 2016 | $181,678↑8% | $173,852↑7% | $342,136↑1% | — |
| 2015 | $167,547↓12% | $163,174↓6% | $337,508 | — |
| 2014 | $190,264↓7% | $173,488↓8% | $336,396↑4% | — |
| 2013 | $203,903↓1% | $188,457↓11% | $322,877↑4% | — |
| 2012 | $205,561↓35% | $210,951↓23% | $311,260↓3% | — |
| 2011 | $317,334 | $273,691 | $319,448 | — |
Frequently Asked Questions
What does Family Literacy Center do?▼
Family Literacy Center is a education nonprofit organization based in Michigan. It is classified under NTEE code B63Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Family Literacy Center financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Family Literacy Center.
How much revenue does Family Literacy Center generate?▼
Family Literacy Center reports $607K in annual revenue and holds $576K in total assets, based on IRS filings.