Readworks Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,184,657 | 987,657 | 197,000 | 13.5 | 57% |
| 2012 | 1,230,729 | 1,099,837 | 130,892 | 13.5 | 48% |
| 2013 | 1,571,832 | 1,244,323 | 327,509 | 15.1 | 42% |
| 2014 | 1,397,816 | 1,605,314 | −207,498 | 10.2 | 47% |
| 2015 | 1,219,132 | 1,409,797 | −190,665 | 9.9 | 55% |
| 2016 | 1,241,226 | 1,625,514 | −384,288 | 5.8 | 49% |
| 2017 | 2,488,779 | 2,188,245 | 300,534 | 5.9 | 47% |
| 2018 | 2,134,448 | 2,208,178 | −73,730 | 5.4 | 50% |
| 2019 | 1,986,262 | 2,204,695 | −218,433 | 4.3 | 53% |
| 2020 | 2,608,316 | 2,248,893 | 359,423 | 6.2 | 64% |
| 2021 | 3,023,849 | 2,416,061 | 607,788 | 8.7 | 66% |
| 2022 | 1,891,149 | 2,618,134 | −726,985 | 4.6 | 57% |
| 2023 | 4,603,761 | 3,007,175 | 1,596,586 | 10.4 | 56% |
In its most recent public year (2023), this organization brought in $1,596,586 more than it spent. Its reserves stood at about 10.4 months of spending, down from 13.5 in 2011. Staff pay was 56% of spending. $1,072,960 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Readworks Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works