Lincoln Literacy Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 914,726 | 695,395 | 219,331 | 11.9 | 60% |
| 2021 | 758,713 | 718,171 | 40,542 | 12.7 | 63% |
| 2022 | 1,253,557 | 946,537 | 307,020 | 12.6 | 63% |
| 2023 | 3,257,471 | 1,345,595 | 1,911,876 | 26.4 | 60% |
In its most recent public year (2023), this organization brought in $1,911,876 more than it spent. Its reserves stood at about 26.4 months of spending, up from 11.9 in 2020. Staff pay was 60% of spending. $469,108 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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