Literacy Volunteers of America

Analysis

Literacy Volunteers of America is a registered charity in United States, based in Bloomfield, NJ. 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 2023, Literacy Volunteers of America reported income of $351k and spending of $272k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $451k to $351k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 91% 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 America 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 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Dorothy I Height Education Foundation Inc ($351k), Titusville Regional Literacy Council ($351k) and Lincoln Heights Tutorial Program ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $562k against liabilities of $24k, net assets of $539k. It reported 10 employees.