Literacy Volunteers of Schoharie County Inc

Analysis

Literacy Volunteers of Schoharie County Inc is a registered charity in United States, based in Cobleskill, NY. It received its IRS tax-exemption ruling in May 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 Schoharie County Inc reported income of $160k and spending of $180k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $220k to $160k (-27%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. 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 Schoharie County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include LA Beca Womens Scholarship Foundation ($160k), Franklin-Simpson Educational Coalition Inc ($160k) and Kingston College Old Boys Association of Florida Inc ($160k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (27% of expenses). Other salaries and wages came to $35k. At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 3 employees.