Gaston Literacy Council Inc

Analysis

Gaston Literacy Council Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in December 1986, 40 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 2024, Gaston Literacy Council Inc reported income of $411k and spending of $364k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $354k to $411k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaston 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 South Dakota High School Rodeo Association Inc ($411k), Institute for Media Analysis Inc ($411k) and Big Brothers Big Sisters of Jackson County Inc ($411k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $170k. At year end it held assets of $188k against liabilities of -$175, net assets of $188k. It reported 8 employees.