Literacy Volunteers of America - Laclede Literacy Council

Analysis

Literacy Volunteers of America - Laclede Literacy Council is a registered charity in United States, based in Lebanon, MO. It received its IRS tax-exemption ruling in March 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 December 2023, Literacy Volunteers of America - Laclede Literacy Council reported income of $338k and spending of $312k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $338k (+360%), an average of +114% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 90% 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 America - Laclede Literacy Council sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Homework Central ($338k), Sunnybeam School of Mercer Island ($339k) and STEM Santa Fe ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $31k (9.9% of expenses). Other salaries and wages came to $152k. At year end it held assets of $93k against liabilities of $3,358, net assets of $89k. It reported 21 employees.