Literacy Volunteers of the Montachusett Area Inc

Analysis

Literacy Volunteers of the Montachusett Area Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2024, Literacy Volunteers of the Montachusett Area Inc reported income of $65k and spending of $55k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $58k to $65k (+10%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Volunteers of the Montachusett Area Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Medlock Bridge Elementary Foundation Inc ($65k), Mexico Education Association ($65k) and Little Miami Band Boosters ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.