Literacy Volunteers of Rensselaer County

Analysis

Literacy Volunteers of Rensselaer County is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 Rensselaer County reported income of $328k and spending of $311k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $283k to $328k (+16%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 97% 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 Rensselaer County sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Happier Valley Comedy Inc ($328k), Asp2 Steam Academy Inc NFP ($328k) and Steppingstone Center for the Potentially Gifted Inc ($328k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $69k (22% of expenses). Other salaries and wages came to $80k. At year end it held assets of $198k against liabilities of $47k, net assets of $151k. It reported 6 employees.