Literacy Council of Grand Island Inc

Analysis

Literacy Council of Grand Island Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in November 1998, 28 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 Council of Grand Island Inc reported income of $123k and spending of $272k, spending 221% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $322k to $123k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Council of Grand Island Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NE. Charities of a similar size with the same main cause include Bemidji Lumberjacks Football Inc ($123k), South Nevada Golf Course Superintendent Assoc ($123k) and Spanish Ladder ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (4.8% of expenses). Other salaries and wages came to $126k. At year end it held assets of $398k against liabilities of $161k, net assets of $237k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.