Literacy Volunteers of Broome-Tioga County Inc

Analysis

Literacy Volunteers of Broome-Tioga County Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 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 Broome-Tioga County Inc reported income of $228k and spending of $238k, spending 104% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $230k to $228k (-0.8%), an average of -0.4% a year. Over the whole period it spent 102% 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 Broome-Tioga County Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Orthopedic Foot Club ($228k), Nashville LGBT Chamber Foundation ($228k) and NJ Guard Training Academy Inc ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $48k (20% of expenses). Other salaries and wages came to $143k. At year end it held assets of $80k against liabilities of $7,932, net assets of $73k. It reported 11 employees.