Literacy Suffolk Inc

Analysis

Literacy Suffolk Inc is a registered charity in United States, based in Bellport, NY. It received its IRS tax-exemption ruling in February 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 Suffolk Inc reported income of $655k and spending of $662k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $295k to $655k (+122%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Suffolk Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ask After School for Kids ($655k), Saint Sophia Hellenic Orthodox ($655k) and Dieu Est Notre Espoir Inc ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $335k. At year end it held assets of $360k against liabilities of $134k, net assets of $226k. It reported 7 employees.