Northwest Ohio Literacy Council Inc

Analysis

Northwest Ohio Literacy Council Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in December 1987, 39 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, Northwest Ohio Literacy Council Inc reported income of $70k and spending of $79k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $70k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Ohio Literacy Council Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Seymour Historical Society ($70k), Ellerbe Rescue Squad Inc ($70k) and National Sorority of Phi Delta Kappa Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $121k against liabilities of $1,705, net assets of $119k.