Literacy Council of Manatee County Inc

Analysis

Literacy Council of Manatee County Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in August 1982, 44 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, Literacy Council of Manatee County Inc reported income of $199k and spending of $144k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $73k to $199k (+172%), an average of +172% a year. The sharpest change came in the year to June 2023, when income rose by 172%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Council of Manatee County Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Care for the Children ($199k), Aha Pierce County Association ($199k) and Greenwich Basketball Association Inc ($199k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $140k against liabilities of $3,747, net assets of $136k.