Literacy Council of Reading-Berks

Analysis

Literacy Council of Reading-Berks is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 December 2023, Literacy Council of Reading-Berks reported income of $758k and spending of $735k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $758k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Council of Reading-Berks sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Pittsburgh Kollel Bais Yitzhor ($758k), Friends of the Library of Hawaii ($758k) and United Way of Eastern Frontier Country Inc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $69k (9.5% of expenses). Other salaries and wages came to $329k. At year end it held assets of $345k against liabilities of $154, net assets of $345k. It reported 25 employees.