Literacy Volunteers Of Bangor
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 82,996 | 73,516 | 9,480 | 11.5 | — |
| 2012 | 76,311 | 78,965 | −2,654 | 10.3 | — |
| 2013 | 106,505 | 79,660 | 26,845 | 14.2 | — |
| 2014 | 105,387 | 108,309 | −2,922 | 10.1 | — |
| 2015 | 133,709 | 116,495 | 17,214 | 11.3 | — |
| 2017 | 133,967 | 126,257 | 7,710 | 12.6 | — |
| 2018 | 186,520 | 130,934 | 55,586 | 17.8 | — |
| 2019 | 149,930 | 151,668 | −1,738 | 15.5 | — |
| 2020 | 223,994 | 160,601 | 63,393 | 19.7 | 66% |
| 2021 | 186,084 | 152,688 | 33,396 | 28.7 | — |
| 2022 | 208,162 | 169,458 | 38,704 | 26.5 | 62% |
| 2023 | 197,806 | 162,355 | 35,451 | 31.4 | — |
| 2024 | 280,275 | 193,385 | 86,890 | 33.5 | 60% |
In its most recent public year (2024), this organization brought in $86,890 more than it spent. Its reserves stood at about 33.5 months of spending, up from 11.5 in 2011. Staff pay was 60% 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 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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