The Literacy Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 578,289 | 584,671 | −6,382 | 8.3 | 64% |
| 2012 | 716,779 | 736,751 | −19,972 | 6.3 | 62% |
| 2013 | 671,002 | 781,172 | −110,170 | 4.0 | 68% |
| 2014 | 679,793 | 684,636 | −4,843 | 4.6 | 69% |
| 2015 | 740,633 | 664,419 | 76,214 | 6.1 | 70% |
| 2016 | 765,020 | 761,405 | 3,615 | 5.4 | 71% |
| 2017 | 815,402 | 761,284 | 54,118 | 6.2 | 70% |
| 2018 | 877,642 | 791,471 | 86,171 | 7.3 | 67% |
| 2019 | 888,265 | 701,496 | 186,769 | 11.6 | 60% |
| 2020 | 763,906 | 815,748 | −51,842 | 8.8 | 56% |
| 2021 | 994,402 | 856,838 | 137,564 | 10.8 | 62% |
| 2022 | 672,253 | 864,626 | −192,373 | 8.5 | 60% |
| 2023 | 915,130 | 1,043,906 | −128,776 | 5.8 | 59% |
In its most recent public year (2023), this organization spent $128,776 more than it brought in. Its reserves stood at about 5.8 months of spending, down from 8.3 in 2011. Staff pay was 59% of spending. $7,575 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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