Literacy Connections Hudson Valley Inc

Analysis

Literacy Connections Hudson Valley Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in May 2006, 20 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 2024, Literacy Connections Hudson Valley Inc reported income of $379k and spending of $460k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $500k to $379k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Connections Hudson Valley Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Wayzata Booster Foundation ($379k), Stepping Stones Learning Center ($380k) and Branford Compassion Club ($379k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $169k. At year end it held assets of $777k against liabilities of $111k, net assets of $666k. It reported 13 employees.