Hawaii Literacy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 950,580 | 972,001 | −21,421 | 4.7 | 59% |
| 2021 | 1,194,889 | 1,017,621 | 177,268 | 6.4 | 59% |
| 2022 | 909,133 | 1,309,210 | −400,077 | 1.3 | 59% |
| 2023 | 775,692 | 944,745 | −169,053 | -0.4 | 64% |
In its most recent public year (2023), this organization spent $169,053 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 4.7 in 2020. Staff pay was 64% of spending.
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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