Literacy Council of Central Alabama

Analysis

Literacy Council of Central Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1991, 35 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 December 2023, Literacy Council of Central Alabama reported income of $744k and spending of $837k, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $741k to $744k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. 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, Literacy Council of Central Alabama sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Andersen Deans Foundation ($744k), Entrepreneurs Organization ($744k) and Skagit Valley Early Learning Center ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $77k (9.2% of expenses). Other salaries and wages came to $468k. At year end it held assets of $437k against liabilities of $75k, net assets of $362k. It reported 14 employees.