Literary Club

Analysis

Literary Club is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Literary Club reported income of $542k and spending of $130k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $542k (+302%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 556%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Literary Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Cymaspace ($542k), Center Stage Theatre Inc ($542k) and Bulgarian-Macedonian National Educational and Cultural Centr Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 15% of the total. At year end it held assets of $2.1m against liabilities of $2,222, net assets of $2.1m.