Lafayette County Literacy Council

Analysis

Lafayette County Literacy Council is a registered charity in United States, based in Oxford, MS. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lafayette County Literacy Council reported income of $59k and spending of $77k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $59k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafayette County Literacy Council sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within MS. Charities of a similar size with the same main cause include Blackhawk Retriever Club Inc ($59k), Lake Bluff Parent Teacher Organization ($59k) and Parent Booster USA Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $82k against liabilities of $2,558, net assets of $79k.