Chatham County Literacy Council Inc

Analysis

Chatham County Literacy Council Inc is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2024, Chatham County Literacy Council Inc reported income of $415k and spending of $362k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $248k to $415k (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 40%. 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, Chatham County 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 Echo National Jewish Institute for Health ($415k), Marc Group Homes Inc ($415k) and New York Veteran Police Assoc Inc ($415k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $68k (19% of expenses). Other salaries and wages came to $153k. At year end it held assets of $359k against liabilities of $21k, net assets of $338k. It reported 8 employees.