Florence Area Literacy Council

Analysis

Florence Area Literacy Council is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Florence Area Literacy Council reported income of $119k and spending of $111k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $119k (-2.5%), an average of -2.5% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florence Area Literacy Council sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Alta Heights Family and Faculty Association Inc ($119k), Parent Booster USA Inc ($119k) and True Blue 1881 Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 19% of the total. At year end it held assets of $52k against liabilities of $4,246, net assets of $47k.