Literacy Research Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 483,572 | 304,927 | 178,645 | 47.7 | 0% |
| 2021 | 548,608 | 522,479 | 26,129 | 28.4 | 0% |
| 2022 | 419,984 | 450,117 | −30,133 | 29.2 | 0% |
| 2023 | 514,998 | 246,398 | 268,600 | 70.4 | 0% |
In its most recent public year (2023), this organization brought in $268,600 more than it spent. Its reserves stood at about 70.4 months of spending, up from 47.7 in 2020. Staff pay was 0% of spending. $316,670 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
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