Literacy Volunteers of Greater Waterbury

Analysis

Literacy Volunteers of Greater Waterbury is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in June 2004, 22 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 June 2023, Literacy Volunteers of Greater Waterbury reported income of $315k and spending of $184k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $166k to $315k (+89%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 76% 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 Greater Waterbury sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Malaai ($315k), Harram Temple No 23 of the Ancient Egyptian Arabic Order Nobles ($315k) and Hill Murray Fathers Club Inc ($315k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (44% of expenses). Other salaries and wages came to $40k. At year end it held assets of $376k against liabilities of $9,216, net assets of $366k. It reported 2 employees.