Literary Council Of North America Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,814,686 | 2,037,072 | −222,386 | 7.5 | 40% |
| 2021 | 2,492,526 | 1,740,650 | 751,876 | 14.7 | 31% |
| 2022 | 1,197,918 | 1,908,324 | −710,406 | 9.0 | 38% |
| 2023 | 1,277,377 | 1,860,042 | −582,665 | 5.4 | 42% |
In its most recent public year (2023), this organization spent $582,665 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 7.5 in 2020. Staff pay was 42% of spending. $445,971 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works