Literacy Volunteers Of Somerset County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 78,386 | 139,752 | −61,366 | 8.3 | 47% |
| 2012 | 279,663 | 164,767 | 114,896 | 15.4 | 47% |
| 2013 | 70,233 | 128,138 | −57,905 | 14.3 | 63% |
| 2014 | 91,562 | 122,003 | −30,441 | 12.1 | — |
| 2015 | 108,192 | 130,116 | −21,924 | 9.2 | — |
| 2016 | 98,630 | 125,120 | −26,490 | 7.0 | — |
| 2017 | 124,730 | 123,973 | 757 | 6.9 | — |
| 2018 | 165,070 | 123,070 | 42,000 | 10.9 | — |
| 2019 | 167,536 | 134,786 | 32,750 | 12.8 | — |
| 2020 | 126,036 | 141,752 | −15,716 | 10.9 | — |
| 2021 | 198,114 | 144,681 | 53,433 | 15.1 | 76% |
| 2022 | 163,979 | 158,530 | 5,449 | 14.2 | 69% |
| 2023 | 218,771 | 178,070 | 40,701 | 15.0 | 71% |
In its most recent public year (2023), this organization brought in $40,701 more than it spent. Its reserves stood at about 15 months of spending, up from 8.3 in 2011. Staff pay was 71% 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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