Blue Ridge Literacy Council Inc

Analysis

Blue Ridge Literacy Council Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in December 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, Blue Ridge Literacy Council Inc reported income of $258k and spending of $282k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $299k to $258k (-14%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. 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, Blue Ridge Literacy Council Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include View Ridge Parent-Teacher Association ($258k), Grand Prairie Cultural Arts Council Inc ($258k) and Arlington Housing Corporation Service Corporation ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $126k. At year end it held assets of $192k against liabilities of $8,489, net assets of $184k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.