Read Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 305,601 | 330,991 | −25,390 | 3.6 | 0% |
| 2012 | 298,588 | 294,881 | 3,707 | 4.2 | 0% |
| 2013 | 305,928 | 279,793 | 26,135 | 5.6 | 0% |
| 2014 | 249,549 | 263,779 | −14,230 | 5.3 | 0% |
| 2015 | 360,262 | 303,246 | 57,016 | 6.9 | 0% |
| 2016 | 312,438 | 306,880 | 5,558 | 7.0 | 27% |
| 2017 | 257,607 | 274,750 | −17,143 | 7.1 | 45% |
| 2018 | 386,647 | 325,682 | 60,965 | 8.2 | 41% |
| 2019 | 312,766 | 336,602 | −23,836 | 7.1 | 45% |
| 2020 | 353,504 | 352,961 | 543 | 6.8 | 53% |
| 2021 | 456,241 | 364,019 | 92,222 | 9.6 | 36% |
| 2022 | 874,610 | 714,392 | 160,218 | 7.6 | 21% |
| 2023 | 502,324 | 550,970 | −48,646 | 8.8 | 33% |
In its most recent public year (2023), this organization spent $48,646 more than it brought in. Its reserves stood at about 8.8 months of spending, up from 3.6 in 2011. Staff pay was 33% of spending. $40,194 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
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