Literacy Network of South Berkshire Inc

Analysis

Literacy Network of South Berkshire Inc is a registered charity in United States, based in Lee, MA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Literacy Network of South Berkshire Inc reported income of $296k and spending of $368k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $296k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Network of South Berkshire Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Project Chazon Inc ($296k), Altura Foundation ($296k) and Inspirational Workshops ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $92k (25% of expenses). Other salaries and wages came to $106k. At year end it held assets of $618k against liabilities of $17k, net assets of $601k. It reported 5 employees.