Literacy Initiatives
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,411 | 11,223 | 12,188 | 89.7 | — |
| 2021 | 55,875 | 68,356 | −12,481 | 12.5 | — |
| 2022 | 68,091 | 60,261 | 7,830 | 15.2 | — |
| 2023 | 105,456 | 79,039 | 26,417 | 15.6 | — |
| 2024 | 145,195 | 144,834 | 361 | 8.5 | — |
In its most recent public year (2024), this organization brought in $361 more than it spent. Its reserves stood at about 8.5 months of spending, down from 89.7 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 2024. 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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