Loudoun Literacy Council

Analysis

Loudoun Literacy Council is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 1990, 36 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, Loudoun Literacy Council reported income of $369k and spending of $519k, spending 141% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $340k to $369k (+8.7%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loudoun Literacy Council sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Valley Sheltered Workshop Inc ($369k), Sound Learning ($369k) and United Way of Cowlitz County ($369k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $72k (14% of expenses). Other salaries and wages came to $236k. At year end it held assets of $210k against liabilities of $7,000, net assets of $203k. It reported 15 employees.