Literacy Council of Northern Virginia Inc

Analysis

Literacy Council of Northern Virginia Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in June 1974, 52 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 2024, Literacy Council of Northern Virginia Inc reported income of $2.7m and spending of $1.6m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $2.7m (+123%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 84% 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 Northern Virginia Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Foundation of New York-Presbyterian Hudson Valley Hospital ($2.7m), Oak Ridge Fire and Rescue Company Fka Oak Ridge Fire Company ($2.7m) and 1day Sooner Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $144k (8.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $106k, net assets of $2.3m. It reported 49 employees.