Learning Ally reports that it provides new, integrated tools to help educators drive change in literacy leadership and student achievement. The organization reports that it helps educators identify and prevent learning issues, which allows struggling readers to become independent and engaged learners. Learning Ally's literary-focused offerings, such as the Learning Ally Audiobook Solution and services coordination program, serve individuals from pre-K to 12th grade.
For the year ended June 30, 2021, Learning Ally's program expenses were:
Services coordination |
$13,179,505 |
Educational solutions |
$7,999,954 |
Total Program Expenses: |
$21,179,459 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Telephone appeals, Other
Fundraising costs were 15% of related contributions. (Related contributions, which totaled $9,320,669, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Learning Ally's audited financial statements for the year ended June 30, 2021.
Source of Funds |
Membership fees and services, net |
$10,371,426 |
Unrealized and realized gains on investments and perpetual trusts, net |
$6,381,773 |
Contributions, private grants and legacies |
$4,690,284 |
Government grants and contracts |
$4,630,385 |
In-kind contributions |
$2,900,844 |
Paycheck Protection Program loan |
$2,082,100 |
Settlement of lawsuit |
$1,500,000 |
Interest and dividends, net |
$409,207 |
Other revenue |
$252,213 |
Total Income |
$33,218,232 |
- Programs: 80%
- Administrative: 15%
- Fundraising: 5%
Total Income |
$33,218,232 |
Program expenses |
$21,179,459 |
Fundraising expenses |
$1,406,536 |
Administrative expenses |
$3,952,644 |
Other expenses |
$0 |
Total expenses: |
$26,538,639 |
Income in Excess of Expenses |
$6,679,593 |
Beginning Net Assets |
$22,603,075 |
Other Changes In Net Assets |
$42,327 |
Ending Net Assets |
$29,324,995 |
Total Liabilities |
$9,544,443 |
Total Assets |
$38,869,438 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to a change in value of split-interest agreements ($32,327) and gain on disposal of equipment ($10,000).
Note 2: According to the organization's audited financial statements for the year ended June 30, 2021, Learning Ally received in-kind contributions totaling $2,900,844 in the form of volunteer services ($2,879,714), rent ($20,250), and books and other ($880).