Titusville Regional Literacy Council

Analysis

Titusville Regional Literacy Council is a registered charity in United States, based in Titusville, PA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Titusville Regional Literacy Council reported income of $351k and spending of $284k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $351k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 126%. 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, Titusville Regional Literacy Council sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Literacy Volunteers of America ($351k), French-American School of Norfolk ($351k) and Dorothy I Height Education Foundation Inc ($351k).

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 $42k (15% of expenses). Other salaries and wages came to $177k. At year end it held assets of $80k against liabilities of $4,922, net assets of $75k. It reported 14 employees.