Steuben County Literacy Coalition

Analysis

Steuben County Literacy Coalition is a registered charity in United States, based in Angola, IN. It received its IRS tax-exemption ruling in November 1989, 37 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, Steuben County Literacy Coalition reported income of $781k and spending of $774k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $781k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steuben County Literacy Coalition sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Transportation Intermediaries Assn Institute for Research & Education ($781k), Hands on Discovery Center ($781k) and Mid City Towers II Inc ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (12% of expenses). Other salaries and wages came to $407k. At year end it held assets of $461k against liabilities of $18k, net assets of $444k. It reported 67 employees.