Literary Council of North America Inc

Analysis

Literary Council of North America Inc is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Literary Council of North America Inc reported income of $1.3m and spending of $1.9m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.3m (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literary Council of North America Inc 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 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include The Wilderness Technology Alliance ($1.3m), The Education Alliance-Business and Community for Public School in ($1.3m) and Orchard Friends School a New Jersey Nonprofit Corporation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $167k (9.0% of expenses). Other salaries and wages came to $607k. At year end it held assets of $1.4m against liabilities of $562k, net assets of $841k. It reported 5 employees.