Literacy Volunteers Of Morris County Inc
Literacy Volunteers of Morris County: Strong Program Focus, Modest Growth
EIN: 222815591 · Morristown, NJ · NTEE: B60 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $512K |
| Total Expenses | $240K |
| Program Spending | 88% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $358K |
| Transparency Score | 85/100 |
Is Literacy Volunteers Of Morris County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literacy Volunteers Of Morris County Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literacy Volunteers Of Morris County Inc
Literacy Volunteers Of Morris County Inc (EIN: 222815591) is a nonprofit organization based in Morristown, NJ, classified under NTEE code B60. The organization reported total revenue of $512K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers Of Morris County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers Of Morris County Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $240K |
| Surplus / Deficit | +$32K |
| Total Assets | $414K |
| Total Liabilities | $56K |
| Net Assets | $358K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 20.7 months |
Financial Health Grade: A
In 2023, Literacy Volunteers Of Morris County Inc reported a surplus of $32K with revenue exceeding expenses, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literacy Volunteers Of Morris County Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +3.7% | +3.9% |
| 2022 | -18.2% | +7.7% | +19.6% |
| 2021 | +5.6% | +1.3% | +33.9% |
| 2020 | +25.2% | -4.6% | +61.9% |
| 2019 | +47.6% | +28.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Literacy Volunteers Of Morris County Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Literacy Volunteers Of Morris County Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
Executive compensation is not reported on the Form 990s, indicating that no individual received more than $100,000 in reportable compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Literacy Volunteers Of Morris County Inc's IRS 990 filings:
- Reliance on a relatively small donor base, as indicated by the lack of significant fundraising expenses and modest revenue figures.
Strengths
The following positive indicators were identified for Literacy Volunteers Of Morris County Inc:
- Consistently high program spending, averaging over 85% of total expenses.
- Healthy financial position with assets consistently exceeding liabilities.
- Stable revenue streams over the past several years, demonstrating consistent support.
- Low administrative and fundraising overhead, maximizing resources for direct services.
Frequently Asked Questions about Literacy Volunteers Of Morris County Inc
Is Literacy Volunteers Of Morris County Inc a legitimate charity?
Literacy Volunteers Of Morris County Inc (EIN: 222815591) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $512K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Literacy Volunteers Of Morris County Inc spend its money?
Literacy Volunteers Of Morris County Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Literacy Volunteers Of Morris County Inc tax-deductible?
Literacy Volunteers Of Morris County Inc is registered as a tax-exempt nonprofit (EIN: 222815591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Literacy Volunteers Of Morris County Inc CEO make?
Literacy Volunteers Of Morris County Inc's highest-compensated officer earns $100,000 annually. The organization reported $512K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Literacy Volunteers Of Morris County Inc's spending goes to programs?
Literacy Volunteers Of Morris County Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Literacy Volunteers Of Morris County Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Literacy Volunteers Of Morris County Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literacy Volunteers Of Morris County Inc located?
Literacy Volunteers Of Morris County Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 222815591. It is classified under NTEE code B60.
How many years of IRS 990 filings does Literacy Volunteers Of Morris County Inc have?
Literacy Volunteers Of Morris County Inc 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 $512K in total revenue.
What does Literacy Volunteers Of Morris County Inc do?
Literacy Volunteers Of Morris County Inc is a nonprofit organization in the Education sector, located in Morristown, New Jersey. It is classified under NTEE code B60.
How much revenue does Literacy Volunteers Of Morris County Inc have?
Literacy Volunteers Of Morris County Inc reported total revenue of $512,069. Based on 13 IRS 990 filings on record.
What are Literacy Volunteers Of Morris County Inc's total assets?
Literacy Volunteers Of Morris County Inc holds total assets of $417,363 as reported in IRS 990 filings.
Where is Literacy Volunteers Of Morris County Inc located?
Literacy Volunteers Of Morris County Inc is based in Morristown, New Jersey.
What is Literacy Volunteers Of Morris County Inc's EIN?
Literacy Volunteers Of Morris County Inc's Employer Identification Number (EIN) is 222815591. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Literacy Volunteers Of Morris County Inc?
Literacy Volunteers Of Morris County Inc is classified under NTEE code B60 (Education).
Is Literacy Volunteers Of Morris County Inc a registered 501(c)(3)?
Yes, Literacy Volunteers Of Morris County Inc is recognized as a tax-exempt organization by the IRS. EIN: 222815591.
Does Literacy Volunteers Of Morris County Inc file IRS Form 990?
Yes, Literacy Volunteers Of Morris County Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Literacy Volunteers Of Morris County Inc's revenue in 2023?
In the 202312 filing period, Literacy Volunteers Of Morris County Inc reported total revenue of $272,577, total expenses of $240,305, and net assets of $413,611.
Is Literacy Volunteers Of Morris County Inc's revenue growing or declining?
Literacy Volunteers Of Morris County Inc's revenue is growing. Revenue went from $239,693 (202212) to $272,577 (202312), a +13.7% change. Based on 13 filings on record.
What is Literacy Volunteers Of Morris County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Literacy Volunteers Of Morris County Inc covers tax period 202312. It shows revenue of $272,577, expenses of $240,305, total assets of $413,611, and liabilities of $55,592.
How much does Literacy Volunteers Of Morris County Inc spend on programs vs administration?
Based on IRS 990 analysis, Literacy Volunteers Of Morris County Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Literacy Volunteers Of Morris County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Literacy Volunteers Of Morris County Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Literacy Volunteers Of Morris County Inc?
The following concerns were identified: Reliance on a relatively small donor base, as indicated by the lack of significant fundraising expenses and modest revenue figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Literacy Volunteers Of Morris County Inc's strengths?
Positive indicators for Literacy Volunteers Of Morris County Inc include: Consistently high program spending, averaging over 85% of total expenses.. Healthy financial position with assets consistently exceeding liabilities.. Stable revenue streams over the past several years, demonstrating consistent support.. Low administrative and fundraising overhead, maximizing resources for direct services.. These findings are derived from AI analysis of the organization's financial filings.
How does Literacy Volunteers Of Morris County Inc compensate executives?
Executive compensation is not reported on the Form 990s, indicating that no individual received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its programs with such low fundraising expenses?
The organization appears to rely heavily on grants, individual donations, and volunteer efforts, as evidenced by the minimal fundraising expenditures (e.g., $5,559 in 2023) and consistent revenue, suggesting a strong, established donor base or efficient grant acquisition without high overhead.
What is the impact of the significant increase in net assets from 2019 to 2021?
Net assets grew from $153,569 in 2019 to $332,929 in 2021, indicating a period of strong financial health and potentially successful fundraising campaigns or bequests that allowed the organization to build its reserves and capacity.
Filing History
IRS 990 filing history for Literacy Volunteers Of Morris County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Volunteers Of Morris County Inc's revenue has grown by 66.5%, moving from $164K to $273K. Total assets increased by 203.1% over the same period, from $136K to $414K. Total functional expenses rose by 49.1%, from $161K to $240K. In its most recent filing year (2023), Literacy Volunteers Of Morris County Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $56K in liabilities against $414K in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $358K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $240K | $414K | $56K | — | View 990 |
| 2022 | $240K | $232K | $398K | $88K | — | View 990 |
| 2021 | $293K | $215K | $333K | $5K | — | View 990 |
| 2020 | $277K | $212K | $249K | $3K | — | View 990 |
| 2019 | $222K | $223K | $154K | $2K | — | View 990 |
| 2018 | $150K | $174K | $154K | $828 | — | View 990 |
| 2017 | $265K | $239K | $181K | $4K | — | View 990 |
| 2016 | $249K | $237K | $162K | $11K | — | View 990 |
| 2015 | $206K | $236K | $144K | $4K | — | View 990 |
| 2014 | $240K | $218K | $176K | $7K | — | View 990 |
| 2013 | $174K | $180K | $149K | $2K | — | View 990 |
| 2012 | $206K | $171K | $155K | $2K | — | View 990 |
| 2011 | $164K | $161K | $136K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $240K, and assets of $414K (revenue +13.7% year-over-year).
- 2022: Revenue of $240K, expenses of $232K, and assets of $398K (revenue -18.2% year-over-year).
- 2021: Revenue of $293K, expenses of $215K, and assets of $333K (revenue +5.6% year-over-year).
- 2020: Revenue of $277K, expenses of $212K, and assets of $249K (revenue +25.2% year-over-year).
- 2019: Revenue of $222K, expenses of $223K, and assets of $154K (revenue +47.6% year-over-year).
- 2018: Revenue of $150K, expenses of $174K, and assets of $154K (revenue -43.3% year-over-year).
- 2017: Revenue of $265K, expenses of $239K, and assets of $181K (revenue +6.5% year-over-year).
- 2016: Revenue of $249K, expenses of $237K, and assets of $162K (revenue +20.4% year-over-year).
- 2015: Revenue of $206K, expenses of $236K, and assets of $144K (revenue -14.1% year-over-year).
- 2014: Revenue of $240K, expenses of $218K, and assets of $176K (revenue +37.9% year-over-year).
- 2013: Revenue of $174K, expenses of $180K, and assets of $149K (revenue -15.4% year-over-year).
- 2012: Revenue of $206K, expenses of $171K, and assets of $155K (revenue +25.8% year-over-year).
- 2011: Revenue of $164K, expenses of $161K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers Of Morris County Inc:
Data Sources and Methodology
This transparency report for Literacy Volunteers Of Morris County 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.