Literacy Volunteers - Winchester Area Inc

Analysis

Literacy Volunteers - Winchester Area Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in May 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 2023, Literacy Volunteers - Winchester Area Inc reported income of $236k and spending of $255k, spending 108% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $220k to $236k (+7.1%), an average of +3.5% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Volunteers - Winchester Area Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Westfield School Boosters Association ($236k), Fullerton Public Library Foundation ($236k) and All Our Kids Inc Foundation ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $62k (25% of expenses). Other salaries and wages came to $85k. At year end it held assets of $121k against liabilities of $22k, net assets of $99k. It reported 6 employees.