Kalamazoo Literacy Council

Analysis

Kalamazoo Literacy Council is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in January 2007, 19 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 December 2023, Kalamazoo Literacy Council reported income of $910k and spending of $868k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $910k (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kalamazoo Literacy Council sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Exalting Christ in Honduras Inc ($910k), Tender Feet Childcare Inc ($910k) and Salish Sea School for the Deaf ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $93k (11% of expenses). Other salaries and wages came to $365k. At year end it held assets of $883k against liabilities of $407k, net assets of $476k. It reported 12 employees.