Literacy Volunteers Of Greater Hartford
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 463,373 | 550,845 | −87,472 | 8.8 | 70% |
| 2013 | 488,597 | 554,733 | −66,136 | 7.3 | 59% |
| 2014 | 1,302,738 | 539,483 | 763,255 | 24.4 | 60% |
| 2015 | 654,518 | 565,897 | 88,621 | 25.2 | 58% |
| 2016 | 970,973 | 665,252 | 305,721 | 26.6 | 59% |
| 2017 | 672,944 | 748,249 | −75,305 | 23.6 | 63% |
| 2018 | 611,110 | 818,741 | −207,631 | 18.9 | 58% |
| 2019 | 655,402 | 836,094 | −180,692 | 16.1 | 58% |
| 2020 | 617,283 | 754,285 | −137,002 | 15.5 | 71% |
| 2021 | 765,364 | 658,061 | 107,303 | 22.1 | 70% |
| 2022 | 587,937 | 682,489 | −94,552 | 18.5 | 69% |
| 2023 | 983,637 | 711,028 | 272,609 | 23.0 | 67% |
In its most recent public year (2023), this organization brought in $272,609 more than it spent. Its reserves stood at about 23 months of spending, up from 8.8 in 2012. Staff pay was 67% of spending. $500,000 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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