Michigan Literacy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 72,231 | 73,886 | −1,655 | 8.0 | — |
| 2012 | 97,707 | 93,475 | 4,232 | 7.4 | — |
| 2013 | 83,667 | 88,298 | −4,631 | 8.1 | — |
| 2014 | 79,248 | 84,788 | −5,540 | 7.8 | — |
| 2015 | 66,078 | 64,965 | 1,113 | 10.1 | — |
| 2016 | 63,849 | 62,166 | 1,683 | 11.5 | — |
| 2017 | 67,029 | 68,356 | −1,327 | 11.1 | — |
| 2018 | 48,290 | 68,708 | −20,418 | 6.9 | — |
| 2019 | 65,518 | 65,617 | −99 | 8.3 | — |
| 2020 | 65,079 | 61,232 | 3,847 | 10.8 | — |
| 2021 | 73,523 | 62,956 | 10,567 | 13.3 | — |
| 2022 | 57,554 | 64,261 | −6,707 | 9.7 | — |
| 2023 | 65,139 | 54,387 | 10,752 | 14.4 | — |
In its most recent public year (2023), this organization brought in $10,752 more than it spent. Its reserves stood at about 14.4 months of spending, up from 8 in 2011.
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
Michigan Literacy Inc'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