The Massachusetts Reading Association Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 51,324 | 82,201 | −30,877 | 12.4 | 10% |
| 2021 | 74,956 | 64,555 | 10,401 | 17.7 | — |
| 2022 | 84,632 | 94,842 | −10,210 | 10.8 | — |
| 2023 | 167,785 | 140,764 | 27,021 | 9.6 | — |
In its most recent public year (2023), this organization brought in $27,021 more than it spent. Its reserves stood at about 9.6 months of spending, down from 12.4 in 2020.
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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