Literacy Council Gulf Coast Inc

Analysis

Literacy Council Gulf Coast Inc is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in October 1990, 36 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 Council Gulf Coast Inc reported income of $437k and spending of $513k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $507k to $437k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Council Gulf Coast Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Ed Block Courage Award Foundation ($437k), Clarion West ($437k) and Northwest Institute for Contemporary Learning ($437k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $138k (27% of expenses). Other salaries and wages came to $143k. At year end it held assets of $2.7m against liabilities of $505k, net assets of $2.2m. It reported 8 employees.