Literacy Volunteers of Cayuga County Inc

Analysis

Literacy Volunteers of Cayuga County Inc is a registered charity in United States, based in Auburn, NY. 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 Cayuga County Inc reported income of $104k and spending of $115k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $104k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 103% 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 Cayuga County Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Louisa Education Foundation ($104k), 10 Billion Strong ($104k) and Corner Post Media ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (48% of expenses). Other salaries and wages came to $11k. At year end it held assets of $18k against liabilities of $7,883, net assets of $9,666. It reported 2 employees.