Literacy Council Of Reading Berks
EIN: 232004957 · West Lawn, PA
| Metric | Value |
|---|---|
| Total Revenue | $823K |
| Total Expenses | $735K |
| Net Assets | $345K |
Is Literacy Council Of Reading Berks Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Council Of Reading Berks
Literacy Council Of Reading Berks (EIN: 232004957) is a nonprofit organization based in West Lawn, PA. The organization reported total revenue of $823K and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Council Of Reading Berks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Council Of Reading Berks is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $758K |
| Total Expenses | $735K |
| Surplus / Deficit | +$22K |
| Total Assets | $345K |
| Total Liabilities | $154 |
| Net Assets | $345K |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Literacy Council Of Reading Berks reported a surplus of $22K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literacy Council Of Reading Berks's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.4% | +37.6% | -16.8% |
| 2022 | -32.6% | +16.2% | -9.0% |
| 2021 | +45.6% | -1.4% | +19.3% |
| 2020 | -14.4% | -1.9% | +1.9% |
| 2019 | +9.1% | +1.0% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Council Of Reading Berks 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 Literacy Council Of Reading Berks 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Literacy Council Of Reading Berks
Is Literacy Council Of Reading Berks a legitimate charity?
Literacy Council Of Reading Berks (EIN: 232004957) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $823K. No red flags identified. Financial health grade: A.
How does Literacy Council Of Reading Berks spend its money?
Literacy Council Of Reading Berks reported $823K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Literacy Council Of Reading Berks tax-deductible?
Literacy Council Of Reading Berks is registered as a tax-exempt nonprofit (EIN: 232004957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Council Of Reading Berks located?
Literacy Council Of Reading Berks is headquartered in West Lawn, Pennsylvania and files with the IRS under EIN 232004957.
How many years of IRS 990 filings does Literacy Council Of Reading Berks have?
Literacy Council Of Reading Berks has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $823K in total revenue.
Filing History
IRS 990 filing history for Literacy Council Of Reading Berks showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Council Of Reading Berks's revenue has grown by 150.7%, moving from $302K to $758K. Total assets decreased by 9.8% over the same period, from $382K to $345K. Total functional expenses rose by 98%, from $371K to $735K. In its most recent filing year (2023), Literacy Council Of Reading Berks reported a surplus of $22K, with revenue exceeding expenses. The organization holds $154 in liabilities against $345K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $758K | $735K | $345K | $154 | — | — |
| 2022 | $413K | $534K | $414K | $92K | — | View 990 |
| 2021 | $613K | $460K | $456K | $12K | — | View 990 |
| 2020 | $421K | $466K | $382K | $92K | — | — |
| 2019 | $491K | $475K | $375K | $39K | — | View 990 |
| 2018 | $450K | $470K | $353K | $34K | — | View 990 |
| 2017 | $491K | $407K | $384K | $44K | — | — |
| 2016 | $382K | $412K | $326K | $71K | — | View 990 |
| 2015 | $431K | $416K | $357K | $72K | — | View 990 |
| 2014 | $377K | $401K | $355K | $84K | — | View 990 |
| 2013 | $424K | $378K | $402K | $107K | — | View 990 |
| 2012 | $377K | $377K | $368K | $119K | — | View 990 |
| 2011 | $302K | $371K | $382K | $134K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $758K, expenses of $735K, and assets of $345K (revenue +83.4% year-over-year).
- 2022: Revenue of $413K, expenses of $534K, and assets of $414K (revenue -32.6% year-over-year).
- 2021: Revenue of $613K, expenses of $460K, and assets of $456K (revenue +45.6% year-over-year).
- 2020: Revenue of $421K, expenses of $466K, and assets of $382K (revenue -14.4% year-over-year).
- 2019: Revenue of $491K, expenses of $475K, and assets of $375K (revenue +9.1% year-over-year).
- 2018: Revenue of $450K, expenses of $470K, and assets of $353K (revenue -8.2% year-over-year).
- 2017: Revenue of $491K, expenses of $407K, and assets of $384K (revenue +28.5% year-over-year).
- 2016: Revenue of $382K, expenses of $412K, and assets of $326K (revenue -11.4% year-over-year).
- 2015: Revenue of $431K, expenses of $416K, and assets of $357K (revenue +14.2% year-over-year).
- 2014: Revenue of $377K, expenses of $401K, and assets of $355K (revenue -11.1% year-over-year).
- 2013: Revenue of $424K, expenses of $378K, and assets of $402K (revenue +12.5% year-over-year).
- 2012: Revenue of $377K, expenses of $377K, and assets of $368K (revenue +24.8% year-over-year).
- 2011: Revenue of $302K, expenses of $371K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Council Of Reading Berks:
Data Sources and Methodology
This transparency report for Literacy Council Of Reading Berks 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.