Freedom Readers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 55,464 | 48,634 | 6,830 | 7.0 | — |
| 2015 | 96,205 | 59,066 | 37,139 | 13.3 | — |
| 2016 | 98,959 | 93,844 | 5,115 | 9.0 | — |
| 2017 | 117,677 | 136,462 | −18,785 | 4.6 | — |
| 2018 | 176,667 | 176,612 | 55 | 3.5 | — |
| 2019 | 217,563 | 192,306 | 25,257 | 4.8 | 67% |
| 2020 | 194,132 | 161,347 | 32,785 | 8.2 | 75% |
| 2021 | 306,625 | 159,820 | 146,805 | 19.3 | 70% |
| 2022 | 293,433 | 248,507 | 44,926 | 14.6 | 71% |
| 2023 | 185,335 | 232,921 | −47,586 | 13.1 | 75% |
In its most recent public year (2023), this organization spent $47,586 more than it brought in. Its reserves stood at about 13.1 months of spending, up from 7 in 2014. Staff pay was 75% 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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