Literacy Volunteers of Greater Worcester

Analysis

Literacy Volunteers of Greater Worcester is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Literacy Volunteers of Greater Worcester reported income of $191k and spending of $182k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $171k to $191k (+12%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of Greater Worcester sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($191k), San Francisco Police Activities League ($191k) and Pony Express Riders of Iowa ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $180k against liabilities of $0, net assets of $180k. It reported 20 employees.