Rowan County Literacy Council Inc

Analysis

Rowan County Literacy Council Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rowan County Literacy Council Inc reported income of $162k and spending of $184k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $162k (+14%), an average of +14% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rowan County Literacy Council Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Cookeville Childrens Theatre ($162k), First School Financial Aid Trust Honoring the Memory of C Markman ($162k) and Elim Preschool ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $275k against liabilities of $3,419, net assets of $272k.