Literacy Council Of Western Arkansas Inc
EIN: 710661428 · Fort Smith, AR
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $112K |
| Net Assets | $81K |
Is Literacy Council Of Western Arkansas Inc 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 Western Arkansas Inc
Literacy Council Of Western Arkansas Inc (EIN: 710661428) is a nonprofit organization based in Fort Smith, AR. The organization reported total revenue of $103K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Council Of Western Arkansas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Council Of Western Arkansas Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $112K |
| Surplus / Deficit | $-18,123 |
| Total Assets | $100K |
| Total Liabilities | $19K |
| Net Assets | $81K |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 18.8% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Literacy Council Of Western Arkansas Inc reported a deficit of $18K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Literacy Council Of Western Arkansas Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +21.4% | -19.1% |
| 2022 | +4.2% | -15.3% | -10.7% |
| 2021 | -21.8% | -12.3% | -5.5% |
| 2020 | +58.8% | +45.0% | -4.6% |
| 2019 | -4.2% | +1.0% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Council Of Western Arkansas Inc 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 Western Arkansas Inc 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 deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.8%.
Frequently Asked Questions about Literacy Council Of Western Arkansas Inc
Is Literacy Council Of Western Arkansas Inc a legitimate charity?
Literacy Council Of Western Arkansas Inc (EIN: 710661428) is a registered tax-exempt nonprofit based in Arkansas. It has 12 years of IRS 990 filings on record. Total revenue: $103K. No red flags identified. Financial health grade: B.
How does Literacy Council Of Western Arkansas Inc spend its money?
Literacy Council Of Western Arkansas Inc reported $103K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Literacy Council Of Western Arkansas Inc tax-deductible?
Literacy Council Of Western Arkansas Inc is registered as a tax-exempt nonprofit (EIN: 710661428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Council Of Western Arkansas Inc located?
Literacy Council Of Western Arkansas Inc is headquartered in Fort Smith, Arkansas and files with the IRS under EIN 710661428.
How many years of IRS 990 filings does Literacy Council Of Western Arkansas Inc have?
Literacy Council Of Western Arkansas Inc has 12 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 $103K in total revenue.
Filing History
IRS 990 filing history for Literacy Council Of Western Arkansas Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Literacy Council Of Western Arkansas Inc's revenue has declined by 22.1%, moving from $121K to $94K. Total assets decreased by 41.9% over the same period, from $172K to $100K. Total functional expenses fell by 3.6%, from $116K to $112K. In its most recent filing year (2023), Literacy Council Of Western Arkansas Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $19K in liabilities against $100K in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $81K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $112K | $100K | $19K | — | — |
| 2022 | $97K | $92K | $124K | $24K | — | View 990 |
| 2021 | $93K | $109K | $138K | $44K | — | View 990 |
| 2020 | $120K | $124K | $146K | $37K | — | View 990 |
| 2019 | $75K | $86K | $153K | $39K | — | View 990 |
| 2018 | $79K | $85K | $165K | $40K | — | View 990 |
| 2017 | $113K | $110K | $176K | $45K | — | View 990 |
| 2016 | $112K | $110K | $177K | $49K | — | View 990 |
| 2015 | $107K | $116K | $181K | $54K | — | View 990 |
| 2014 | $115K | $106K | $190K | $55K | — | View 990 |
| 2013 | $128K | $110K | $187K | $58K | — | View 990 |
| 2012 | $121K | $116K | $172K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $112K, and assets of $100K (revenue -3.4% year-over-year).
- 2022: Revenue of $97K, expenses of $92K, and assets of $124K (revenue +4.2% year-over-year).
- 2021: Revenue of $93K, expenses of $109K, and assets of $138K (revenue -21.8% year-over-year).
- 2020: Revenue of $120K, expenses of $124K, and assets of $146K (revenue +58.8% year-over-year).
- 2019: Revenue of $75K, expenses of $86K, and assets of $153K (revenue -4.2% year-over-year).
- 2018: Revenue of $79K, expenses of $85K, and assets of $165K (revenue -30.7% year-over-year).
- 2017: Revenue of $113K, expenses of $110K, and assets of $176K (revenue +1.3% year-over-year).
- 2016: Revenue of $112K, expenses of $110K, and assets of $177K (revenue +4.7% year-over-year).
- 2015: Revenue of $107K, expenses of $116K, and assets of $181K (revenue -6.8% year-over-year).
- 2014: Revenue of $115K, expenses of $106K, and assets of $190K (revenue -10.4% year-over-year).
- 2013: Revenue of $128K, expenses of $110K, and assets of $187K (revenue +6.0% year-over-year).
- 2012: Revenue of $121K, expenses of $116K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Council Of Western Arkansas Inc:
Data Sources and Methodology
This transparency report for Literacy Council Of Western Arkansas Inc 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.