Literacy Volunteers of Rochester Inc

Analysis

Literacy Volunteers of Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in January 2004, 22 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 Volunteers of Rochester Inc reported income of $483k and spending of $626k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $467k to $483k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of Rochester Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Main Line Meals on Wheels Inc ($483k), Carbondale Public Library ($483k) and Los Angeles Poverty Department ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $274k. At year end it held assets of $984k against liabilities of $162k, net assets of $822k. It reported 10 employees.