Literacy Council of Frederick County Maryland

Analysis

Literacy Council of Frederick County Maryland is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in December 1977, 49 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 June 2023, Literacy Council of Frederick County Maryland reported income of $311k and spending of $319k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $226k to $311k (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Council of Frederick County Maryland sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Len Mink Ministries Incorporated ($311k), Wyoming Community Improvement Corporation ($311k) and Connecting Through the Arts and Education ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.7% of the total. Other salaries and wages came to $208k. At year end it held assets of $677k against liabilities of $297k, net assets of $380k. It reported 8 employees.