Literacy Council of Highlands Inc

Analysis

Literacy Council of Highlands Inc is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Literacy Council of Highlands Inc reported income of $810k and spending of $612k, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $387k to $810k (+109%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 77%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Council of Highlands Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Hudson Area Association Library ($810k), Foundations for a Better Oregon ($810k) and Chacruna Institute for Psychedelic Plant Medicines ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $102k (17% of expenses). Other salaries and wages came to $190k. At year end it held assets of $907k against liabilities of $0, net assets of $907k. It reported 11 employees.