Literacy Volunteers of Fort Bend County Inc

Analysis

Literacy Volunteers of Fort Bend County Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Fort Bend County Inc reported income of $725k and spending of $728k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $437k to $725k (+66%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 63%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Literacy Volunteers of Fort Bend County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include New Heights Christian Community Development Association ($725k), Hawthorn Club ($725k) and Castillo de Angeles Inc ($724k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 103% and program service revenue 6.7% of the total. Other salaries and wages came to $332k. At year end it held assets of $465k against liabilities of $32k, net assets of $433k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.