Commonlit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 63,990 | 54,349 | 9,641 | 2.3 | — |
| 2016 | 728,845 | 608,489 | 120,356 | 2.6 | 36% |
| 2017 | 2,542,007 | 2,225,505 | 316,502 | 2.4 | 58% |
| 2018 | 6,597,620 | 3,562,868 | 3,034,752 | 11.7 | 50% |
| 2019 | 4,167,286 | 4,399,794 | −232,508 | 8.9 | 59% |
| 2020 | 6,581,970 | 5,233,439 | 1,348,531 | 10.5 | 59% |
| 2021 | 9,155,362 | 7,084,467 | 2,070,895 | 11.6 | 57% |
| 2022 | 11,871,054 | 10,944,081 | 926,973 | 8.5 | 61% |
| 2023 | 13,856,418 | 17,205,241 | −3,348,823 | 3.1 | 66% |
In its most recent public year (2023), this organization spent $3,348,823 more than it brought in. Its reserves stood at about 3.1 months of spending. Staff pay was 66% of spending. $2,876,281 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
Commonlit Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works