The Literacy Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 338,973 | 161,728 | 177,245 | 16.1 | 0% |
| 2022 | 210,320 | 182,417 | 27,903 | 16.1 | 0% |
| 2023 | 175,590 | 259,740 | −84,150 | 7.4 | 29% |
In its most recent public year (2023), this organization spent $84,150 more than it brought in. Its reserves stood at about 7.4 months of spending, down from 16.1 in 2021. Staff pay was 29% 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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