Corpus Christi Literacy Council

Analysis

Corpus Christi Literacy Council is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Corpus Christi Literacy Council reported income of $253k and spending of $194k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $253k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corpus Christi Literacy Council sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Latinos in Transit ($253k), Apple Pregnancy Care Center Inc ($253k) and Our Lady of Consolation Education Foundation ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $58k (30% of expenses). Other salaries and wages came to $50k. At year end it held assets of $157k against liabilities of $17k, net assets of $140k. It reported 2 employees.