Palm Beach County Literacy Coalition Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,050 | 7,386 | 8,664 | 778.2 | 0% |
| 2021 | 1,316,399 | 8,961 | 1,307,438 | 2578.7 | 0% |
| 2022 | 426,587 | 12,131 | 414,456 | 1899.1 | 0% |
| 2023 | 52,742 | 12,269 | 40,473 | 2077.5 | 0% |
In its most recent public year (2023), this organization brought in $40,473 more than it spent. Its reserves stood at about 2077.5 months of spending, up from 778.2 in 2020. Staff pay was 0% of spending. $575,519 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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