Literacy Volunteers of Charlottesville-Albemarle

Analysis

Literacy Volunteers of Charlottesville-Albemarle is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in February 2004, 22 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 June 2024, Literacy Volunteers of Charlottesville-Albemarle reported income of $462k and spending of $457k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $392k to $462k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Volunteers of Charlottesville-Albemarle sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Roennes School Inc ($462k), Extraordinary Education Familylearning Center ($462k) and Community Christian Academy Inc ($462k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 1.0% of the total. Other salaries and wages came to $280k. At year end it held assets of $451k against liabilities of $182k, net assets of $268k. It reported 7 employees.