Literacy Volunteers of Sullivan County

Analysis

Literacy Volunteers of Sullivan County is a registered charity in United States, based in Monticello, NY. It received its IRS tax-exemption ruling in October 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 2024, Literacy Volunteers of Sullivan County reported income of $170k and spending of $162k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $116k to $170k (+47%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 96% 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 Sullivan County sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Asa Christian Academy ($170k), McKenna Academy of Natural Philosophy Inc ($170k) and Educational Access Group ($170k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $42k (26% of expenses). Other salaries and wages came to $31k. At year end it held assets of $254k against liabilities of $1,445, net assets of $253k. It reported 3 employees.