Foundation For Reading Area Community College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 889,367 | 492,663 | 396,704 | 202.2 | 0% |
| 2012 | 1,005,936 | 689,297 | 316,639 | 148.8 | 0% |
| 2013 | 840,957 | 983,887 | −142,930 | 115.9 | 0% |
| 2014 | 897,135 | 855,309 | 41,826 | 154.6 | 0% |
| 2015 | 997,366 | 970,331 | 27,035 | 139.7 | 0% |
| 2016 | 1,291,098 | 1,142,447 | 148,651 | 167.0 | 0% |
| 2017 | 5,347,466 | 1,854,929 | 3,492,537 | 129.7 | 0% |
| 2018 | 1,754,724 | 1,648,976 | 105,748 | 153.0 | 0% |
| 2019 | 1,547,276 | 1,951,787 | −404,511 | 131.8 | 0% |
| 2020 | 1,257,241 | 1,539,184 | −281,943 | 165.8 | 0% |
| 2021 | 1,932,063 | 1,633,591 | 298,472 | 197.7 | 0% |
| 2022 | 2,074,074 | 1,889,449 | 184,625 | 156.5 | 0% |
| 2023 | 1,876,136 | 1,902,741 | −26,605 | 160.4 | 0% |
| 2024 | 4,212,353 | 2,988,127 | 1,224,226 | 116.3 | 0% |
In its most recent public year (2024), this organization brought in $1,224,226 more than it spent. Its reserves stood at about 116.3 months of spending, down from 202.2 in 2011. Staff pay was 0% of spending. $26,318,883 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 2024. 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
Foundation For Reading Area Community College's IRS filings as a feed — one entry per filing year, through 2024. 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