Literacy Volunteers of Laredo

Analysis

Literacy Volunteers of Laredo is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in May 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 2023, Literacy Volunteers of Laredo reported income of $101k and spending of $101k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $62k to $101k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 95% 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 Laredo sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include West Chester Communities That Care ($101k), Compassionate Counselors Inc ($101k) and Metro Christian Academy Foundation ($101k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $166k against liabilities of $0, net assets of $166k. It reported 3 employees.