Literacy Works
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 262,745 | 257,828 | 4,917 | 8.0 | 77% |
| 2012 | 240,754 | 268,847 | −28,093 | 6.5 | 78% |
| 2013 | 286,151 | 268,268 | 17,883 | 7.3 | 79% |
| 2014 | 366,328 | 290,595 | 75,733 | 9.8 | 79% |
| 2015 | 210,093 | 285,188 | −75,095 | 6.9 | 79% |
| 2016 | 321,332 | 294,424 | 26,908 | 7.8 | 78% |
| 2017 | 263,071 | 303,552 | −40,481 | 5.9 | 74% |
| 2018 | 316,152 | 309,817 | 6,335 | 6.0 | 70% |
| 2019 | 298,702 | 288,242 | 10,460 | 6.9 | 74% |
| 2020 | 379,022 | 319,805 | 59,217 | 8.5 | 69% |
| 2021 | 407,185 | 324,755 | 82,430 | 11.4 | 77% |
| 2022 | 461,783 | 336,599 | 125,184 | 15.4 | 78% |
| 2023 | 440,364 | 440,315 | 49 | 11.8 | 79% |
In its most recent public year (2023), this organization brought in $49 more than it spent. Its reserves stood at about 11.8 months of spending, up from 8 in 2011. Staff pay was 79% 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 Works'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