Literacy Volunteers of Washington County Inc

Analysis

Literacy Volunteers of Washington County Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in November 1991, 35 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 Volunteers of Washington County Inc reported income of $133k and spending of $132k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $133k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Volunteers of Washington County Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include Samuel W Smith Memorial Public Library ($133k), Barbara B Rose School Parent Teacher Organization ($133k) and Allamakee Scholarship Fund Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $68k (52% of expenses). Other salaries and wages came to $27k. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 3 employees.