Literacy Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 345,106 | 335,560 | 9,546 | 8.9 | 73% |
| 2013 | 341,685 | 327,444 | 14,241 | 9.7 | 77% |
| 2014 | 352,098 | 346,618 | 5,480 | 9.3 | 74% |
| 2015 | 601,334 | 350,028 | 251,306 | 17.8 | 76% |
| 2016 | 597,049 | 353,800 | 243,249 | 26.1 | 78% |
| 2017 | 398,422 | 371,373 | 27,049 | 26.5 | 77% |
| 2018 | 371,462 | 377,398 | −5,936 | 26.1 | 76% |
| 2019 | 471,807 | 386,450 | 85,357 | 28.3 | 73% |
| 2020 | 644,668 | 474,072 | 170,596 | 27.5 | 64% |
| 2021 | 822,994 | 627,190 | 195,804 | 25.0 | 66% |
| 2022 | 718,812 | 551,883 | 166,929 | 30.3 | 69% |
| 2023 | 517,861 | 569,010 | −51,149 | 30.9 | 67% |
In its most recent public year (2023), this organization spent $51,149 more than it brought in. Its reserves stood at about 30.9 months of spending, up from 8.9 in 2012. Staff pay was 67% of spending. $170,746 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
Literacy Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works