Literacy Volunteers of Greater Hartford

Analysis

Literacy Volunteers of Greater Hartford is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1999, 27 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 Greater Hartford reported income of $984k and spending of $711k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $984k (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 101% 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 Greater Hartford sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Southwest Harbor Public Library ($983k), Yal-Day New Day Care Center Inc ($984k) and Chi Omega Education and Charity Fund of Dallas ($983k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $475k. At year end it held assets of $1.8m against liabilities of $449k, net assets of $1.4m. It reported 13 employees.