Readsource Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 288,770 | 51,343 | 237,427 | 54.2 | 0% |
| 2015 | 11,800 | 149,939 | −138,139 | 7.6 | — |
| 2016 | 471,491 | 420,041 | 51,450 | 4.2 | 70% |
| 2017 | 448,157 | 527,745 | −79,588 | 1.5 | 68% |
| 2018 | 1,222,457 | 701,006 | 521,451 | 10.1 | 64% |
| 2019 | 829,477 | 402,252 | 427,225 | 30.3 | 66% |
| 2020 | 1,224,912 | 1,072,952 | 151,960 | 13.1 | 66% |
| 2021 | 1,480,098 | 1,386,439 | 93,659 | 10.9 | 66% |
| 2022 | 2,050,876 | 1,452,497 | 598,379 | 15.4 | 75% |
| 2023 | 1,078,787 | 1,309,965 | −231,178 | 14.9 | 60% |
In its most recent public year (2023), this organization spent $231,178 more than it brought in. Its reserves stood at about 14.9 months of spending, down from 54.2 in 2014. Staff pay was 60% of spending. $971,614 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
Readsource 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