Literacy Council of Southwest Louisiana Inc

Analysis

Literacy Council of Southwest Louisiana Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in January 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 December 2023, Literacy Council of Southwest Louisiana Inc reported income of $664k and spending of $665k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $901k to $664k (-26%), an average of -7.4% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Council of Southwest Louisiana Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include Stonington Free Library Association ($664k), Coshocton Opportunity School ($664k) and Pisacano Leadership Foundation Inc ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $60k (9.0% of expenses). Other salaries and wages came to $375k. At year end it held assets of $226k against liabilities of $105k, net assets of $121k. It reported 21 employees.