Literacy Council of Norristown Inc

Analysis

Literacy Council of Norristown Inc is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Literacy Council of Norristown Inc reported income of $454k and spending of $334k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $235k to $454k (+93%), an average of +93% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 77% 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 Norristown Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Memorial Park District of the City of St Clairsvile and of Richland ($454k), Monroe Early Childhood Association Inc ($454k) and Chehalis Valley Educational Foundation ($454k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $166k. At year end it held assets of $505k against liabilities of $11k, net assets of $494k. It reported 16 employees.