Learn to Read Council of Athens and Limestone County Inc

Analysis

Learn to Read Council of Athens and Limestone County Inc is a registered charity in United States, based in Athens, AL. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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 December 2023, Learn to Read Council of Athens and Limestone County Inc reported income of $88k and spending of $99k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $88k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learn to Read Council of Athens and Limestone County Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Grafton Gladiators Inc ($88k), Little League Baseball Inc ($88k) and PTA California Congress of Parents Teachers & Students Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $24k (24% of expenses). Other salaries and wages came to $22k. At year end it held assets of $41k against liabilities of $1,657, net assets of $39k. It reported 4 employees.