Literacy Center Of West Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,373,921 | 1,507,429 | −133,508 | 8.1 | 58% |
| 2012 | 1,341,021 | 1,602,086 | −261,065 | 5.7 | 56% |
| 2013 | 890,113 | 1,258,262 | −368,149 | 3.7 | 57% |
| 2014 | 1,154,210 | 1,065,226 | 88,984 | 5.4 | 52% |
| 2015 | 1,597,205 | 1,233,094 | 364,111 | 8.2 | 53% |
| 2016 | 1,001,053 | 1,227,959 | −226,906 | 6.0 | 54% |
| 2017 | 1,198,465 | 1,254,118 | −55,653 | 5.4 | 57% |
| 2018 | 920,606 | 1,036,857 | −116,251 | 5.2 | 58% |
| 2019 | 1,387,209 | 1,344,593 | 42,616 | 4.4 | 62% |
| 2020 | 1,312,721 | 1,376,848 | −64,127 | 3.8 | 63% |
| 2021 | 1,337,440 | 1,272,718 | 64,722 | 4.9 | 64% |
| 2022 | 1,470,651 | 1,411,162 | 59,489 | 4.7 | 66% |
| 2023 | 2,577,919 | 1,821,806 | 756,113 | 8.7 | 63% |
In its most recent public year (2023), this organization brought in $756,113 more than it spent. Its reserves stood at about 8.7 months of spending. Staff pay was 63% of spending. $923,692 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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