Literacy Volunteers of Maricopa County Inc

Analysis

Literacy Volunteers of Maricopa County Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1973, 53 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 Volunteers of Maricopa County Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $883k to $1.1m (+22%), an average of +5.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Volunteers of Maricopa County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Companies for Causes ($1.1m), National Association of Nutrition and Aging Service Programs ($1.1m) and Concord Montessori School ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $103k (9.7% of expenses). Other salaries and wages came to $594k. At year end it held assets of $1.6m against liabilities of $54k, net assets of $1.6m. It reported 28 employees.