Literacy Council of Madison County

Analysis

Literacy Council of Madison County is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in March 1993, 33 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 Madison County reported income of $110k and spending of $8,994, leaving 92% of income unspent that year. Across the 2 years on record, from June 2021 to June 2023, income fell from $166k to $110k (-34%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 6.2% 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 Madison County sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Prisoners Web ($110k), The Little Meadows Charitable Trust ($110k) and Potterville Fire Department Inc ($110k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.