Brunswick County Literacy Council Inc

Analysis

Brunswick County Literacy Council Inc is a registered charity in United States, based in Supply, NC. It received its IRS tax-exemption ruling in May 1984, 42 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 December 2023, Brunswick County Literacy Council Inc reported income of $95k and spending of $89k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $95k (+3.0%), an average of +3.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brunswick County Literacy Council Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Victor Museum Improvement Association ($95k), Missouri Veterans Home Assistance League ($95k) and Vandergrift Public Library Association ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $129k against liabilities of $45k, net assets of $84k.