Childrens Literacy Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,372,108 | 6,735,728 | 3,636,380 | 11.9 | 36% |
| 2012 | 10,081,203 | 11,287,330 | −1,206,127 | 5.8 | 26% |
| 2013 | 10,964,261 | 11,364,888 | −400,627 | 5.3 | 30% |
| 2014 | 9,095,049 | 8,142,114 | 952,935 | 8.9 | 33% |
| 2015 | 10,520,181 | 11,096,023 | −575,842 | 5.9 | 45% |
| 2016 | 14,438,582 | 12,894,961 | 1,543,621 | 6.5 | 55% |
| 2017 | 20,541,497 | 20,104,992 | 436,505 | 4.5 | 54% |
| 2018 | 24,711,281 | 25,103,055 | −391,774 | 3.4 | 54% |
| 2019 | 33,677,739 | 31,367,202 | 2,310,537 | 3.6 | 55% |
| 2020 | 30,167,089 | 29,977,620 | 189,469 | 3.8 | 62% |
| 2021 | 22,749,197 | 24,426,755 | −1,677,558 | 4.0 | 64% |
| 2022 | 23,482,636 | 21,733,124 | 1,749,512 | 5.4 | 66% |
| 2023 | 12,107,105 | 13,764,477 | −1,657,372 | 7.1 | 63% |
In its most recent public year (2023), this organization spent $1,657,372 more than it brought in. Its reserves stood at about 7.1 months of spending, down from 11.9 in 2011. Staff pay was 63% of spending. $326,823 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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