LITERACY ASSISTANCE CENTER INC Charity Report

Public IRS 990 nonprofit record

LITERACY ASSISTANCE CENTER INC

EIN 13-3179618 · Education (B61B)

What they do

THE MISSION of THE LITERACY ASSISTANCE CENTER (LAC) is to STRENGTHEN and EXPAND THE ADULT EDUCATION SYSTEM, and to ADVANCE ADULT LITERACY AS A CORE VALUE IN OUR SOCIETY and A FOUNDATION for EQUAL OPPORTUNITY and SOCIAL JUSTICE. SINCE 1983, THE LAC HAS BEEN WORKING to BUILD THE CAPACITY and IMPROVE THE QUALITY of THE ADULT BASIC EDUCATION (ABE), ENGLISH for SPEAKERS of OTHER LANGUAGES (ESOL), and HIGH SCHOOL EQUIVALENCY (HSE) PROGRAMS THAT SERVE NEW YORKS MOST EDUCATIONALLY and ECONOMICALLY MARGINALIZED ADULTS and OUT-OF-SCHOOL YOUTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

79.66%of revenue went to mission work83.1% of expenses · Program services

0.36%of revenue went to fundraising0.4% of expenses

$95.87spent for every $100 of revenueRevenue covered expenses this year.

15.85%of revenue went to management and office costs16.5% of expenses

$0.71in assets for every $1 spent this yearSome assets cannot be spent right away.

96.5%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $155,114 for IRA YANKWITT (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,641,715

Mission workProgram services$2,104,40279.66% of revenue83.1% of expenses

ManagementOffice and general costs$418,64215.85% of revenue16.5% of expenses

FundraisingAsking for donations$9,5940.36% of revenue0.4% of expenses

Revenue left after expensesReported annual surplus$109,0774.13% of revenueShown in gray on the chart

Total expenses$2,532,63895.87% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 16.5% management · 0.4% fundraisingTotal expenses: 95.87% of revenue

2023Expense mix: 83.2% mission · 13.5% management · 3.3% fundraisingTotal expenses: 111.31% of revenue

2022Expense mix: 84.9% mission · 13.2% management · 1.9% fundraisingTotal expenses: 98.02% of revenue

2021Expense mix: 86.2% mission · 13.0% management · 0.8% fundraisingTotal expenses: 97.54% of revenue

2020Expense mix: 85.7% mission · 13.3% management · 1.0% fundraisingTotal expenses: 88.38% of revenue

2019Expense mix: 85.5% mission · 13.3% management · 1.3% fundraisingTotal expenses: 100.37% of revenue

2018Expense mix: 85.8% mission · 13.6% management · 0.6% fundraisingTotal expenses: 100.66% of revenue

2017Expense mix: 83.8% mission · 15.5% management · 0.7% fundraisingTotal expenses: 98.06% of revenue

Money in and money out

Revenue$2,641,715

Expenses$2,532,638

Annual surplus $109,077 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,104,402 · 83.1% of expenses

Management and office costs$418,642 · 16.5% of expenses

Fundraising$9,594 · 0.4% of expenses

See all reported dollar amounts

Revenue$2,641,715

Expenses$2,532,638

Assets$1,800,136

Income$2,641,715

Contributions$2,548,614

Mission work (program services)$2,104,402

Fundraising$9,594

Management and general$418,642

Accounting fees$181,687

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

IRA YANKWITTEXECUTIVE DI · 35 hrs/week $155,114Base $144,040 · Other $11,074

VENUGOPAL THELAKKATDIRECTOR OF · 35 hrs/week $154,025Base $129,703 · Other $24,322

LIZELENA IGLESIASDIR. OF ADUL · 35 hrs/week $121,204Base $104,478 · Other $16,726

GREGORY JACQUESSENIOR DEVEL · 35 hrs/week $119,313Base $114,706 · Other $4,607

SIERRA STONEMAN-BELLDIR. OF STRA · 35 hrs/week $116,773Base $101,983 · Other $14,790

CYNTHIA BELLDIR. OF WORK · 35 hrs/week $111,275Base $107,365 · Other $3,910

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

IRA YANKWITTEXECUTIVE DI

VENUGOPAL THELAKKATDIRECTOR OF

LIZELENA IGLESIASDIR. OF ADUL

GREGORY JACQUESSENIOR DEVEL

SIERRA STONEMAN-BELLDIR. OF STRA

CYNTHIA BELLDIR. OF WORK

BERTA COLONMEMBER

ELIZABETH HORTONCHAIR OF AUD

IRWIN KIRSCHMEMBER

J DAVID NELSONCHAIR OF FIN

JAYE JONESCO-CHAIR

JOHN GORDONCO-CHAIR

MARIAN LAPSLEY CROSSMEMBER

MICHAEL HIRSCHHORNMEMBER

MICHAEL RIVADENEYRAMEMBER

PARVONEH SHIRGIRMEMBER

About this charity

Recognized since: January 1988
Location: 85 BROAD STREET, NEW YORK, NY 10004
County: New York
In care of: IRA YANKWITT
Primary officer: IRA YANKWITT, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailnelle@lacnyc.org Phone(212) 803-3302

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GALLEROS ROBINSON
NTEE classification: Education (B61B)