Laurel County Literacy Council Inc

Analysis

Laurel County Literacy Council Inc is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, Laurel County Literacy Council Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $942k to $1.3m (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 37%. 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, Laurel County Literacy Council Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Minneapolis School of Anesthesia ($1.3m), Friends of CS Inc ($1.3m) and Lad Lake Milwaukee Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $95k (7.5% of expenses). Other salaries and wages came to $501k. At year end it held assets of $216k against liabilities of $8,564, net assets of $208k. It reported 24 employees.