Read To Succeed Asheville
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 233,447 | 212,680 | 20,767 | 5.1 | 76% |
| 2021 | 206,751 | 259,533 | −52,782 | 1.8 | 56% |
| 2022 | 382,063 | 343,696 | 38,367 | 2.7 | 65% |
| 2023 | 451,342 | 469,128 | −17,786 | 1.6 | 66% |
In its most recent public year (2023), this organization spent $17,786 more than it brought in. Its reserves stood at about 1.6 months of spending, down from 5.1 in 2020. Staff pay was 66% 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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