Reach Out And Read Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,188,547 | 12,372,941 | −184,394 | 5.4 | 36% |
| 2021 | 15,173,728 | 12,619,134 | 2,554,594 | 7.7 | 36% |
| 2022 | 20,574,127 | 15,131,804 | 5,442,323 | 10.7 | 36% |
| 2023 | 29,240,666 | 18,335,910 | 10,904,756 | 16.0 | 36% |
In its most recent public year (2023), this organization brought in $10,904,756 more than it spent. Its reserves stood at about 16 months of spending, up from 5.4 in 2020. Staff pay was 36% of spending. $6,517,404 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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