Mid-State Literacy Council Inc

Analysis

Mid-State Literacy Council Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in January 1977, 49 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 2023, Mid-State Literacy Council Inc reported income of $229k and spending of $259k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $206k to $229k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid-State Literacy Council Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Gracepoint Christian Academy ($229k), Polaris PTO Inc ($229k) and Little Lions Preschool Inc ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). Other salaries and wages came to $44k. At year end it held assets of $354k against liabilities of $79k, net assets of $275k. It reported 4 employees.