Literacy Volunteers Of Morris County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 277,251 | 212,432 | 64,819 | 13.9 | 61% |
| 2021 | 292,882 | 215,114 | 77,768 | 18.3 | 57% |
| 2022 | 239,693 | 231,731 | 7,962 | 16.1 | 58% |
| 2023 | 272,577 | 240,305 | 32,272 | 17.9 | 59% |
In its most recent public year (2023), this organization brought in $32,272 more than it spent. Its reserves stood at about 17.9 months of spending, up from 13.9 in 2020. Staff pay was 59% 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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