Loudoun Literacy Council
EIN: 521227843 · Leesburg, VA
| Metric | Value |
|---|---|
| Total Revenue | $255K |
| Total Expenses | $519K |
| Net Assets | $203K |
Is Loudoun 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 Loudoun Literacy Council
Loudoun Literacy Council (EIN: 521227843) is a nonprofit organization based in Leesburg, VA. The organization reported total revenue of $255K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loudoun Literacy Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loudoun Literacy Council 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 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $369K |
| Total Expenses | $519K |
| Surplus / Deficit | $-150,013 |
| Total Assets | $210K |
| Total Liabilities | $7K |
| Net Assets | $203K |
| Operating Margin | -40.6% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, Loudoun Literacy Council reported a deficit of $150K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Loudoun Literacy Council's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.6% | +0.3% | -44.2% |
| 2022 | -7.1% | +32.6% | +4.2% |
| 2021 | +66.3% | +27.4% | +60.9% |
| 2020 | +22.4% | +46.7% | +49.5% |
| 2019 | +45.6% | +56.6% | +72.0% |
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 Loudoun 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 Loudoun 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $150K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Loudoun Literacy Council
Is Loudoun Literacy Council a legitimate charity?
Loudoun Literacy Council (EIN: 521227843) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $255K. No red flags identified. Financial health grade: B.
How does Loudoun Literacy Council spend its money?
Loudoun Literacy Council reported $255K 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 Loudoun Literacy Council tax-deductible?
Loudoun Literacy Council is registered as a tax-exempt nonprofit (EIN: 521227843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loudoun Literacy Council located?
Loudoun Literacy Council is headquartered in Leesburg, Virginia and files with the IRS under EIN 521227843.
How many years of IRS 990 filings does Loudoun Literacy Council have?
Loudoun Literacy Council 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 $255K in total revenue.
Filing History
IRS 990 filing history for Loudoun Literacy Council showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Loudoun Literacy Council's revenue has grown by 145.6%, moving from $150K to $369K. Total assets increased by 156.2% over the same period, from $82K to $210K. Total functional expenses rose by 272.3%, from $140K to $519K. In its most recent filing year (2023), Loudoun Literacy Council reported a deficit of $150K, with expenses exceeding revenue. The organization holds $7K in liabilities against $210K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $369K | $519K | $210K | $7K | — | — |
| 2022 | $525K | $518K | $376K | $23K | — | View 990 |
| 2021 | $565K | $391K | $361K | $15K | — | View 990 |
| 2020 | $340K | $307K | $224K | $53K | — | View 990 |
| 2019 | $278K | $209K | $150K | $12K | — | View 990 |
| 2018 | $191K | $133K | $87K | $18K | — | View 990 |
| 2017 | $153K | $180K | $26K | $14K | — | View 990 |
| 2016 | $212K | $197K | $46K | $6K | — | View 990 |
| 2015 | $167K | $190K | $30K | $6K | — | View 990 |
| 2014 | $189K | $188K | $52K | $5K | — | View 990 |
| 2013 | $134K | $166K | $51K | $5K | — | View 990 |
| 2012 | $150K | $140K | $82K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $369K, expenses of $519K, and assets of $210K (revenue -29.6% year-over-year).
- 2022: Revenue of $525K, expenses of $518K, and assets of $376K (revenue -7.1% year-over-year).
- 2021: Revenue of $565K, expenses of $391K, and assets of $361K (revenue +66.3% year-over-year).
- 2020: Revenue of $340K, expenses of $307K, and assets of $224K (revenue +22.4% year-over-year).
- 2019: Revenue of $278K, expenses of $209K, and assets of $150K (revenue +45.6% year-over-year).
- 2018: Revenue of $191K, expenses of $133K, and assets of $87K (revenue +25.0% year-over-year).
- 2017: Revenue of $153K, expenses of $180K, and assets of $26K (revenue -28.1% year-over-year).
- 2016: Revenue of $212K, expenses of $197K, and assets of $46K (revenue +27.2% year-over-year).
- 2015: Revenue of $167K, expenses of $190K, and assets of $30K (revenue -11.5% year-over-year).
- 2014: Revenue of $189K, expenses of $188K, and assets of $52K (revenue +41.1% year-over-year).
- 2013: Revenue of $134K, expenses of $166K, and assets of $51K (revenue -11.2% year-over-year).
- 2012: Revenue of $150K, expenses of $140K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loudoun Literacy Council:
Data Sources and Methodology
This transparency report for Loudoun 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.