Orange County Literacy Council Inc

Analysis

Orange County Literacy Council Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in May 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Orange County Literacy Council Inc reported income of $411k and spending of $459k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $472k to $411k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orange County Literacy Council Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Rock Hill Come-See-Me Festival Inc ($411k), Youth Hockey Club of Eau Claire Inc ($411k) and Hawaii Alliance for Community-Based Economic Development ($411k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $229k. At year end it held assets of $151k against liabilities of $12k, net assets of $139k. It reported 9 employees.