Literacy Coalition of the Permian Basin

Analysis

Literacy Coalition of the Permian Basin is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in April 2024, 2 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 Coalition of the Permian Basin reported income of $893k and spending of $886k, spending 99% of its income. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Coalition of the Permian Basin sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Center School Inc ($893k), The Vegan Awareness Foundation ($893k) and Hillside Academy ($893k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (21% of expenses). Other salaries and wages came to $296k. At year end it held assets of $736k against liabilities of $79k, net assets of $657k. It reported 5 employees.