Literacy Volunteers of Central Connecticut Inc

Analysis

Literacy Volunteers of Central Connecticut Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in July 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 Central Connecticut Inc reported income of $360k and spending of $327k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $296k to $360k (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 33%. 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 Central Connecticut Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include The Ip Law Foundation ($360k), Center for Navigating Family Change Inc ($360k) and Badger Athletic Boosters ($360k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 2.8% of the total. Other salaries and wages came to $224k. At year end it held assets of $263k against liabilities of $14k, net assets of $248k. It reported 6 employees.