Literacy Services of Indian River County Inc

Analysis

Literacy Services of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Literacy Services of Indian River County Inc reported income of $276k and spending of $253k, spending 92% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $346k to $276k (-20%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Services of Indian River County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Jennie Katharine Kolter PTO ($276k), Parent Booster USA Inc ($276k) and Capitol Hill Academy ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $172k. At year end it held assets of $480k against liabilities of $11k, net assets of $469k. It reported 6 employees.