Literacy Volunteers of America- Prince William Inc

Analysis

Literacy Volunteers of America- Prince William Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in December 2003, 23 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 Volunteers of America- Prince William Inc reported income of $92k and spending of $110k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $131k to $92k (-30%), an average of -11% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of America- Prince William Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include DMG Booster Club Inc ($92k), Family Career and Community Leaders of America Inc ($92k) and Georgia Extension 4-H Foundation ($92k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $81k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 2 employees.