Tri-County Literacy Center

Analysis

Tri-County Literacy Center is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in December 2020, 6 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, Tri-County Literacy Center reported income of $71k and spending of $78k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $71k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tri-County Literacy Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Arizona International Academy Scholarship Fund ($71k), Waynesboro Area Business Education and Community Foundation ($71k) and National Association for Family and Community Education ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 11% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.