Education
(B80)
IRS Verified
DX Registered
990 on File
LITERACY COUNCIL OF GRAND ISLAND INC
Financial strength (30%)
86/100
Reliability (20%)
55/100
Effectiveness (25%)
69/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Literacy Council of Grand Island is to teach individuals literacy skills and the English language regardless of age, income, background, race or religion. Additionally the Literacy Council teaches basic math and computer skills and helps new Americans prepare for citizenship.
Financial Overview — FY 2024
$113K
Total Revenue
$121K
Total Expenses
$247K
Net Assets
7
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.9%
Fundraising Efficiency
N/A
Operating Reserve
24.46x
Liability-to-Asset
42.6%
Revenue Diversification
100.0%
Compared with Peers
FY 2024
Compared with 16,011 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.9% | 89.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.2% | 8.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.9% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.5 mo | 9.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
42.6% | 0.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 89.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-8.2% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-55.4% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.2% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $113K | $121K | $247K | 83.9% | 7 |
| 2023 | $123K | $272K | $237K | 93.7% | 7 |
| 2022 | $118K | $229K | $372K | 80.9% | 7 |
| 2021 | $140K | $180K | N/A | — | 5 |
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