Craven Literacy Council
EIN: 581728807 · New Bern, NC
Is Craven Literacy Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Craven Literacy Council
Craven Literacy Council (EIN: 581728807) is a nonprofit organization based in New Bern, NC. The organization reported total revenue of $217K and total assets of $273K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craven Literacy Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Craven Literacy Council is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $182K |
| Surplus / Deficit | +$23K |
| Total Assets | $241K |
| Total Liabilities | $3K |
| Net Assets | $238K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2024, Craven Literacy Council reported a surplus of $23K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Craven Literacy Council's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.3% | +1.6% | +10.5% |
| 2023 | +3.1% | +16.5% | +12.3% |
| 2022 | -6.3% | +1.6% | +16.1% |
| 2021 | +38.4% | +7.8% | +65.7% |
| 2020 | -7.9% | -1.5% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Craven Literacy Council has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Craven Literacy Council with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Craven Literacy Council
Is Craven Literacy Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Craven Literacy Council (EIN: 581728807) insufficient data. 0 red flags identified, 0 strengths noted.
How does Craven Literacy Council spend its money?
Detailed spending breakdown data is not yet available for Craven Literacy Council. Check back for updated IRS 990 analysis.
Are donations to Craven Literacy Council tax-deductible?
Craven Literacy Council is registered as a tax-exempt nonprofit (EIN: 581728807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Craven Literacy Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Craven Literacy Council's revenue has grown by 49.7%, moving from $137K to $206K. Total assets increased by 313.1% over the same period, from $58K to $241K. Total functional expenses rose by 43.5%, from $127K to $182K. In its most recent filing year (2024), Craven Literacy Council reported a surplus of $23K, with revenue exceeding expenses. The organization holds $3K in liabilities against $241K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $238K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $206K | $182K | $241K | $3K | — | — |
| 2023 | $205K | $179K | $219K | $3K | — | View 990 |
| 2022 | $199K | $154K | $195K | $2K | — | View 990 |
| 2021 | $212K | $152K | $168K | $21K | — | — |
| 2020 | $153K | $141K | $101K | $15K | — | View 990 |
| 2019 | $167K | $143K | $77K | $3K | — | View 990 |
| 2018 | $165K | $158K | $52K | $2K | — | View 990 |
| 2017 | $165K | $174K | $51K | $8K | — | View 990 |
| 2016 | $189K | $182K | $58K | $5K | — | View 990 |
| 2015 | $173K | $167K | $61K | $16K | — | View 990 |
| 2014 | $156K | $141K | $63K | $24K | — | View 990 |
| 2013 | $127K | $142K | $42K | $17K | — | View 990 |
| 2012 | $137K | $127K | $58K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $206K, expenses of $182K, and assets of $241K (revenue +0.3% year-over-year).
- 2023: Revenue of $205K, expenses of $179K, and assets of $219K (revenue +3.1% year-over-year).
- 2022: Revenue of $199K, expenses of $154K, and assets of $195K (revenue -6.3% year-over-year).
- 2021: Revenue of $212K, expenses of $152K, and assets of $168K (revenue +38.4% year-over-year).
- 2020: Revenue of $153K, expenses of $141K, and assets of $101K (revenue -7.9% year-over-year).
- 2019: Revenue of $167K, expenses of $143K, and assets of $77K (revenue +1.1% year-over-year).
- 2018: Revenue of $165K, expenses of $158K, and assets of $52K (revenue -0.1% year-over-year).
- 2017: Revenue of $165K, expenses of $174K, and assets of $51K (revenue -12.7% year-over-year).
- 2016: Revenue of $189K, expenses of $182K, and assets of $58K (revenue +9.1% year-over-year).
- 2015: Revenue of $173K, expenses of $167K, and assets of $61K (revenue +10.8% year-over-year).
- 2014: Revenue of $156K, expenses of $141K, and assets of $63K (revenue +22.6% year-over-year).
- 2013: Revenue of $127K, expenses of $142K, and assets of $42K (revenue -7.3% year-over-year).
- 2012: Revenue of $137K, expenses of $127K, and assets of $58K.
Data Sources and Methodology
This transparency report for Craven Literacy Council is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.