Literacy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 797,778 | 776,643 | 21,135 | 7.4 | 62% |
| 2012 | 1,268,550 | 710,864 | 557,686 | 17.5 | 60% |
| 2013 | 1,774,836 | 818,364 | 956,472 | 29.3 | 65% |
| 2014 | 1,564,371 | 1,339,789 | 224,582 | 19.9 | 61% |
| 2015 | 1,574,103 | 1,841,767 | −267,664 | 12.7 | 62% |
| 2016 | 2,414,720 | 2,353,886 | 60,834 | 10.3 | 61% |
| 2017 | 2,426,546 | 2,604,693 | −178,147 | 8.5 | 61% |
| 2018 | 3,684,440 | 3,105,566 | 578,874 | 9.3 | 60% |
| 2019 | 3,956,750 | 3,453,068 | 503,682 | 10.1 | 61% |
| 2020 | 4,141,149 | 3,597,713 | 543,436 | 11.5 | 66% |
| 2021 | 3,899,705 | 3,549,655 | 350,050 | 12.9 | 66% |
| 2022 | 6,716,163 | 4,480,628 | 2,235,535 | 16.1 | 66% |
| 2023 | 5,091,797 | 5,155,894 | −64,097 | 13.9 | 63% |
In its most recent public year (2023), this organization spent $64,097 more than it brought in. Its reserves stood at about 13.9 months of spending, up from 7.4 in 2011. Staff pay was 63% of spending. $2,556,746 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works