Literacy Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,645,453 | 3,869,129 | −223,676 | 3.7 | 43% |
| 2013 | 4,831,725 | 4,119,483 | 712,242 | 5.6 | 43% |
| 2014 | 4,013,205 | 4,071,120 | −57,915 | 5.8 | 44% |
| 2015 | 4,401,373 | 4,152,320 | 249,053 | 6.3 | 44% |
| 2016 | 4,109,673 | 4,269,428 | −159,755 | 5.6 | 45% |
| 2017 | 4,671,711 | 4,460,759 | 210,952 | 6.1 | 44% |
| 2018 | 4,571,771 | 4,551,547 | 20,224 | 6.0 | 46% |
| 2019 | 4,889,310 | 4,968,766 | −79,456 | 5.3 | 43% |
| 2020 | 4,988,279 | 5,043,750 | −55,471 | 5.0 | 46% |
| 2021 | 5,360,622 | 5,177,629 | 182,993 | 5.7 | 48% |
| 2022 | 5,962,310 | 5,550,744 | 411,566 | 6.1 | 44% |
| 2023 | 6,081,288 | 6,213,103 | −131,815 | 5.2 | 41% |
In its most recent public year (2023), this organization spent $131,815 more than it brought in. Its reserves stood at about 5.2 months of spending, up from 3.7 in 2012. Staff pay was 41% of spending. $518,610 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
Literacy Minnesota's IRS filings as a feed — one entry per filing year, through 2023. 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