Burke County Literacy Council Inc

Analysis

Burke County Literacy Council Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in February 1989, 37 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 2023, Burke County Literacy Council Inc reported income of $107k and spending of $105k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $116k to $107k (-7.7%), an average of -7.7% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Burke County Literacy Council Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Trumpets of Christ International Afcm City Plex ($107k), Vega Volunteer Fire Dept & Ambulance Service ($107k) and Parent Share and Support Inc ($107k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (38% of expenses). Other salaries and wages came to $22k. At year end it held assets of $128k against liabilities of $1,294, net assets of $127k. It reported 4 employees.