Literacy Connection
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 484,175 | 469,977 | 14,198 | 1.5 | 34% |
| 2012 | 552,029 | 545,946 | 6,083 | 1.4 | 31% |
| 2013 | 234,479 | 241,114 | −6,635 | 4.1 | 72% |
| 2014 | 275,692 | 253,103 | 22,589 | 5.0 | 71% |
| 2015 | 239,144 | 263,447 | −24,303 | 3.7 | 73% |
| 2016 | 125,781 | 160,698 | −34,917 | 3.5 | — |
| 2017 | 244,418 | 159,736 | 84,682 | 9.9 | 78% |
| 2018 | 274,615 | 181,790 | 92,825 | 14.8 | 76% |
| 2019 | 207,178 | 226,980 | −19,802 | 10.8 | 78% |
| 2020 | 185,255 | 212,343 | −27,088 | 10.0 | — |
| 2021 | 209,508 | 208,310 | 1,198 | 10.3 | 76% |
| 2022 | 186,893 | 181,550 | 5,343 | 12.1 | — |
| 2023 | 236,641 | 191,371 | 45,270 | 14.4 | 73% |
In its most recent public year (2023), this organization brought in $45,270 more than it spent. Its reserves stood at about 14.4 months of spending, up from 1.5 in 2011. Staff pay was 73% 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
Literacy Connection's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works