Shelby Literacy Center

Analysis

Shelby Literacy Center is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in December 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 December 2023, Shelby Literacy Center reported income of $107k and spending of $72k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $89k to $107k (+20%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shelby Literacy Center 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 38th percentile within TN. Charities of a similar size with the same main cause include Fariborz Fred Matloob Foundation ($107k), Rocky Mountain Childrens Foundation ($107k) and Friends of the Aberdeen B and O Train Station Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 25% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.