Literacy Volunteers Of The Montachusett Area Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 67,037 | 58,234 | 8,803 | 6.7 | — |
| 2022 | 58,500 | 62,262 | −3,762 | 5.6 | — |
| 2023 | 69,582 | 54,093 | 15,489 | 9.9 | — |
| 2024 | 64,519 | 55,398 | 9,121 | 11.6 | — |
In its most recent public year (2024), this organization brought in $9,121 more than it spent. Its reserves stood at about 11.6 months of spending, up from 6.7 in 2021.
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 2024. 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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