Freedom To Read Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,017,433 | 324,276 | 693,157 | 73.9 | 21% |
| 2021 | 272,000 | 250,583 | 21,417 | 109.8 | 22% |
| 2022 | 283,365 | 394,635 | −111,270 | 59.2 | 20% |
| 2023 | 400,005 | 390,688 | 9,317 | 63.6 | 34% |
In its most recent public year (2023), this organization brought in $9,317 more than it spent. Its reserves stood at about 63.6 months of spending, down from 73.9 in 2020. Staff pay was 34% of spending. $86,042 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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