Bolivar County Literacy Council Inc

Analysis

Bolivar County Literacy Council Inc is a registered charity in United States, based in Cleveland, MS. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Bolivar County Literacy Council Inc reported income of $162k and spending of $161k, spending 99% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $155k to $162k (+4.5%), an average of +1.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bolivar County Literacy Council Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include Transformational Living Ministries Inc ($162k), Concrete Cares ($162k) and King Kids Minnesota Inc ($162k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $105k (65% of expenses). Other salaries and wages came to $28k. At year end it held assets of $214k against liabilities of $3,697, net assets of $210k. It reported 15 employees.