Literacy Volunteers of Ontario-Yates Inc

Analysis

Literacy Volunteers of Ontario-Yates Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in January 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 Ontario-Yates Inc reported income of $214k and spending of $167k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $214k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 76% 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 Ontario-Yates Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include The Usd 113 Foundation ($214k), True North Family Foundation ($214k) and Piedmont Band Boosters Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $51k (31% of expenses). Other salaries and wages came to $49k. At year end it held assets of $466k against liabilities of $20k, net assets of $446k. It reported 6 employees.