Columbus Literacy Council

Analysis

Columbus Literacy Council is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1976, 50 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 December 2023, Columbus Literacy Council reported income of $3.3m and spending of $3.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.3m (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbus Literacy Council sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Regional Transit Authority Art ($3.3m), Minot Young Mens Christian Association ($3.3m) and Whitehorse Foundation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $145k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.8m against liabilities of $165k, net assets of $1.6m. It reported 96 employees.