Kern Literacy Council

Analysis

Kern Literacy Council is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kern Literacy Council reported income of $126k and spending of $370k, spending 294% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $126k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kern Literacy Council sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Faulkner County Leadership Institute Inc ($126k), Sea Gate Elementary School Parent-Teacher Organization Inc ($126k) and Bobby Holloway Memorial Corp ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $75k (20% of expenses). Other salaries and wages came to $67k. At year end it held assets of $422k against liabilities of $3,868, net assets of $418k. It reported 5 employees.