Literacy Volunteers Fox Valley

Analysis

Literacy Volunteers Fox Valley is a registered charity in United States, based in St Charles, IL. It received its IRS tax-exemption ruling in December 2003, 23 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 2023, Literacy Volunteers Fox Valley reported income of $141k and spending of $154k, spending 109% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $208k to $141k (-32%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers Fox Valley sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Chase Emerson Memorial Library ($141k), On Our Own of Prince Georges County Inc ($141k) and A Seat at My Sisters Table ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $258k against liabilities of $481, net assets of $258k.