Childrens Literacy Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 49,671 | 49,118 | 553 | 0.2 | — |
| 2020 | 58,675 | 54,668 | 4,007 | 1.0 | — |
| 2021 | 71,718 | 79,083 | −7,365 | -0.4 | — |
| 2022 | 96,541 | 90,461 | 6,080 | 0.5 | — |
| 2023 | 96,597 | 129,762 | −33,165 | -2.7 | — |
In its most recent public year (2023), this organization spent $33,165 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.7 months), down from 0.2 in 2019.
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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