Literacy Connects
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 790,973 | 833,916 | −42,943 | 5.7 | 54% |
| 2012 | 1,399,845 | 1,616,867 | −217,022 | 3.9 | 59% |
| 2013 | 1,355,401 | 1,336,679 | 18,722 | 4.9 | 59% |
| 2014 | 1,542,997 | 1,560,127 | −17,130 | 4.1 | 60% |
| 2015 | 1,613,887 | 1,617,594 | −3,707 | 3.9 | 60% |
| 2016 | 1,759,785 | 1,588,167 | 171,618 | 5.0 | 58% |
| 2017 | 1,846,933 | 1,622,752 | 224,181 | 6.4 | 61% |
| 2018 | 2,264,862 | 1,667,843 | 597,019 | 11.3 | 62% |
| 2019 | 2,359,247 | 1,763,836 | 595,411 | 14.7 | 62% |
| 2020 | 2,113,001 | 2,012,732 | 100,269 | 13.5 | 60% |
| 2021 | 2,396,997 | 1,945,978 | 451,019 | 17.1 | 63% |
| 2022 | 2,329,327 | 2,167,820 | 161,507 | 16.1 | 62% |
| 2023 | 3,461,579 | 2,489,413 | 972,166 | 18.5 | 59% |
In its most recent public year (2023), this organization brought in $972,166 more than it spent. Its reserves stood at about 18.5 months of spending, up from 5.7 in 2011. Staff pay was 59% of spending. $1,752,137 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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