Literacy Volunteers of Otsego & Delaware Counties

Analysis

Literacy Volunteers of Otsego & Delaware Counties is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in May 2005, 21 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 Otsego & Delaware Counties reported income of $83k and spending of $74k, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $68k to $83k (+21%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 90% 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 Otsego & Delaware Counties sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include William G Vinal School PTO ($83k), Ms 297 Parent Teacher Association Inc ($83k) and Mildred H Aitken School PTO ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.