The Palm Beach County Literacy Coalition Inc

Analysis

The Palm Beach County Literacy Coalition Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in August 1990, 36 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 June 2023, The Palm Beach County Literacy Coalition Inc reported income of $3.8m and spending of $3.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $3.8m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Palm Beach County Literacy Coalition Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Brooklyn Charter School ($3.8m), Washington State University Alumni Association ($3.8m) and Seattle Amistad School ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $340k (9.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.4m against liabilities of $272k, net assets of $5.2m. It reported 72 employees.