Literacy Center of Milford Inc

Analysis

Literacy Center of Milford Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in June 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 Center of Milford Inc reported income of $78k and spending of $83k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $78k (+7.5%), an average of +7.5% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Center of Milford Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Helen Simoneau Danse ($78k), Academy of Learning for Life ($78k) and Hollister Dual Language Academy Parents Club ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.