Literacy Volunteers of America Inc

Analysis

Literacy Volunteers of America Inc is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2024, Literacy Volunteers of America Inc reported income of $323k and spending of $309k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $194k to $323k (+66%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of America Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Good Knights Inc ($323k), Culver Palms Meals on Wheels ($323k) and Peninsula Oilers Baseball Club Inc ($323k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $47k (15% of expenses). Other salaries and wages came to $121k. At year end it held assets of $110k against liabilities of $12, net assets of $110k. It reported 13 employees.