Craven Literacy Council

Analysis

Craven Literacy Council is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in September 1987, 39 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, Craven Literacy Council reported income of $206k and spending of $182k, spending 89% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $212k to $206k (-3.2%), an average of -1.1% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Craven Literacy Council sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Mission at the Eastward ($206k), Genesee Amateur Hockey Association Inc ($206k) and Woodland Little League ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $104k. At year end it held assets of $241k against liabilities of $3,348, net assets of $238k. It reported 7 employees.