Literacy Connections of Wayne County Inc

Analysis

Literacy Connections of Wayne County Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in August 2017, 9 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 Connections of Wayne County Inc reported income of $245k and spending of $231k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $245k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Connections of Wayne County Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Lloyd Harbor School Association ($245k), Aptos High School Sports Foundation ($245k) and Partnership for Innovation in Education ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $182k. At year end it held assets of $169k against liabilities of $7,500, net assets of $162k.