Literacy Volunteers of South Sarasota County Inc

Analysis

Literacy Volunteers of South Sarasota County Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in April 2004, 22 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 2024, Literacy Volunteers of South Sarasota County Inc reported income of $86k and spending of $104k, spending 120% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $56k to $86k (+55%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Volunteers of South Sarasota County Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Grants Pass High School Band Boosters ($86k), Sage Experience ($86k) and Parent Booster USA Inc ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $80k against liabilities of $5,546, net assets of $74k.