Literacy Volunteers of America Monroe County Inc

Analysis

Literacy Volunteers of America Monroe County Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in November 2003, 23 years ago. 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 of America Monroe County Inc reported income of $132k and spending of $144k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $154k to $132k (-15%), an average of -15% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of America Monroe County Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Essex Historical Society ($132k), Americans Making Immigrants Safe ($132k) and Hyland Hills Foundation ($132k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 0.4% of the total. At year end it held assets of $100k against liabilities of $26k, net assets of $74k.