Literacy Volunteers of Wayne County Inc

Analysis

Literacy Volunteers of Wayne County Inc is a registered charity in United States, based in Newark, NY. It received its IRS tax-exemption ruling in December 2003, 23 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 Wayne County Inc reported income of $383k and spending of $312k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $205k to $383k (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 80% 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 Wayne County 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 Robert Ahern Scholarship Trust ($383k), Leesville Road High School Bands Club ($384k) and Enrich Kids Now ($383k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $158k. At year end it held assets of $432k against liabilities of $37k, net assets of $395k. It reported 7 employees.