Literacy Volunteers Of Greater Worcester
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 155,173 | 142,420 | 12,753 | 12.1 | — |
| 2012 | 159,881 | 143,158 | 16,723 | 13.4 | — |
| 2013 | 167,709 | 157,158 | 10,551 | 13.1 | — |
| 2014 | 191,057 | 190,413 | 644 | 10.8 | — |
| 2015 | 193,894 | 233,198 | −39,304 | 6.8 | — |
| 2016 | 215,313 | 215,573 | −260 | 7.4 | 68% |
| 2017 | 169,339 | 194,666 | −25,327 | 6.6 | 67% |
| 2018 | 188,778 | 194,282 | −5,504 | 6.2 | 69% |
| 2019 | 189,784 | 199,242 | −9,458 | 5.5 | 69% |
| 2020 | 171,084 | 173,454 | −2,370 | 6.2 | 70% |
| 2021 | 246,907 | 191,502 | 55,405 | 9.1 | 66% |
| 2022 | 209,440 | 182,867 | 26,573 | 11.2 | 68% |
| 2023 | 191,183 | 181,836 | 9,347 | 11.9 | 57% |
In its most recent public year (2023), this organization brought in $9,347 more than it spent. Its reserves stood at about 11.9 months of spending. Staff pay was 57% 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
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