Literacy West Ny Inc

Analysis

Literacy West Ny Inc is a registered charity in United States, based in Belmont, NY. It received its IRS tax-exemption ruling in April 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 West Ny Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.8m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy West Ny Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Crowder College Foundation Inc ($2.8m), Texoma Christian School ($2.8m) and GHS Academy ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $152k (5.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $785k against liabilities of $297k, net assets of $487k. It reported 50 employees.