GET LIT - WORDS IGNITE INC

EIN: 264644018 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$2,471,417
Total Expenses
$2,837,298
Total Assets
$1,608,962
Net Assets
$1,386,139
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
DIANE LUBY LANE
Phone
2133888639
Tax Period
2024-07-01 to 2025-06-30

GET LIT - WORDS IGNITE INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

"GET LIT" - WORDS IGNITE PROVIDES YOUNG PEOPLE WITH LIFE-SAVING VEHICLES OF EXPRESSION TO CREATE STRONG, EMBOLDENED LEADERS WITH THE NECESSARY TOOLS TO BUILD UP COMMUNITIES FOR A MORE EQUITABLE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,229,124
Program Service Revenue $233,070
Investment Income $30
Other Revenue $9,193
TOTAL REVENUE $2,471,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,697,976
Fundraising Expenses $214,991
Program Expenses $2,150,320
Other Expenses $1,139,322
TOTAL EXPENSES $2,837,298

Year-over-Year Comparison

2024 2023 Change
Revenue $2,471,417 $2,640,555 -0.1%
Expenses $2,837,298 $3,106,879 -0.1%
Net Income $-365,881 $-466,324 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
47
Volunteers
70

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$252,874
Total Directors
11
$252,874
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DELTA WRIGHT PRESIDENT 1.00
Officer Director
$0 $0 $0
DIANE LUBY LANE FOUNDER/EXECUTIVE DIRECTOR 40.00
Officer Director
$240,429 $12,445 $252,874
HARRIETT ARONOW DIRECTOR 1.00
Director
$0 $0 $0
GINA BELAFONTE DIRECTOR 1.00
Director
$0 $0 $0
NAVEENA PONNUSAMY SECRETARY 1.00
Officer Director
$0 $0 $0
WENDY POSNER DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA FELD DIRECTOR 1.00
Director
$0 $0 $0
ALEX TRIVAS DIRECTOR 1.00
Director
$0 $0 $0
PHILIP ANGELIDES DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA M RUIZ DIRECTOR 1.00
Officer Director
$0 $0 $0
CAPRICE YOUNG TREASURER 1.00
Officer Director
$0 $0 $0
MASON GRANGER DEPUTY DIRECTOR 40.00
Highest
$100,630 $3,907 $104,537
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,471,417 $2,837,298 $1,608,962 $-365,881
2024 $2,640,555 $3,106,879 $2,057,747 $-466,324
2024 $2,640,555 $3,106,879 $2,057,747 $-466,324
2023 $3,748,086 $2,730,854 $2,673,207 $1,017,232
2022 $2,322,954 $2,153,641 $1,330,397 $169,313
2021 $2,004,144 $1,390,965 $1,179,514 $613,179
2020 $1,261,377 $1,223,334 $560,959 $38,043
2019 $1,206,905 $1,228,942 $394,614 $-22,037
2019 $1,206,805 $1,235,685 $397,115 $-28,880
2018 $1,131,584 $1,103,160 $424,150 $28,424
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