Literacy Council of Bowie & Miller Counties Inc

Analysis

Literacy Council of Bowie & Miller Counties Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in December 1990, 36 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 June 2023, Literacy Council of Bowie & Miller Counties Inc reported income of $344k and spending of $284k, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $142k to $344k (+143%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Council of Bowie & Miller Counties Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include New Hyde Park Wildcats Soccer Club Inc ($344k), Wartburg Lutheran Home for the Aging ($345k) and Interfaith Human Services Inc ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $193k (68% of expenses). At year end it held assets of $186k against liabilities of $5,230, net assets of $181k. It reported 3 employees.