Governors Early Literacy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 9,372,217 | 8,385,404 | 986,813 | 12.3 | 5% |
| 2020 | 8,741,381 | 9,108,574 | −367,193 | 11.0 | 5% |
| 2021 | 13,046,158 | 12,298,051 | 748,107 | 9.8 | 5% |
| 2022 | 14,676,458 | 13,764,764 | 911,694 | 8.6 | 6% |
| 2023 | 24,930,131 | 23,200,310 | 1,729,821 | 6.1 | 4% |
In its most recent public year (2023), this organization brought in $1,729,821 more than it spent. Its reserves stood at about 6.1 months of spending, down from 12.3 in 2019. Staff pay was 4% of spending.
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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