Stateline Literacy Council-Beloit Inc

Analysis

Stateline Literacy Council-Beloit Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in August 1987, 39 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, Stateline Literacy Council-Beloit Inc reported income of $117k and spending of $97k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $117k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. 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, Stateline Literacy Council-Beloit Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include Florida Association of Christian Child Caring Agencies Inc ($117k), Newport Beach Police Association ($117k) and Clark Fork-Hope Area Senior Service Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $75k against liabilities of $300, net assets of $75k.