Literacy Council of Carroll County Inc

Analysis

Literacy Council of Carroll County Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Literacy Council of Carroll County Inc reported income of $114k and spending of $122k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $114k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Council of Carroll County Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include River Falls Wildcat Band Boosters Inc ($114k), Medina Valley Band Sponsors ($114k) and Monona Grove Education Foundation Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $56k against liabilities of $33k, net assets of $23k.