AI Transparency Report
Literacy Volunteers Of America demonstrates consistent financial activity over the past several years, with revenues generally exceeding expenses, leading to a modest accumulation of assets. For instance, in 2019, the organization reported revenues of $149,913 against expenses of $138,955, resulting in a positive net. The organization consistently reports zero liabilities in several periods (2019, 2017), indicating a healthy balance sheet and responsible financial management. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership model, which can contribute to lower administrative costs and higher program efficiency. However, the overall revenue has seen a decline from $234,065 in 2011 to $149,913 in 2019, which could indicate challenges in fundraising or a strategic shift in operations. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency.