Gary Literacy Coalition Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 111,294 | 53,138 | 58,156 | 39.7 | — |
| 2020 | 48,249 | 38,126 | 10,123 | 58.5 | — |
| 2021 | 64,783 | 160,618 | −95,835 | 6.7 | — |
| 2022 | 59,036 | 169,541 | −110,505 | -1.5 | — |
| 2023 | 123,373 | 160,514 | −37,141 | -4.3 | — |
In its most recent public year (2023), this organization spent $37,141 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.3 months), down from 39.7 in 2019.
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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