Madison Reading Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 83,872 | 67,996 | 15,876 | 6.5 | — |
| 2018 | 148,398 | 119,871 | 28,527 | 6.6 | — |
| 2019 | 358,122 | 235,355 | 122,767 | 9.6 | 25% |
| 2020 | 353,109 | 260,569 | 92,540 | 12.9 | 41% |
| 2021 | 746,724 | 402,492 | 344,232 | 18.6 | 34% |
| 2022 | 1,392,855 | 706,936 | 685,919 | 22.3 | 40% |
| 2023 | 1,015,106 | 1,057,857 | −42,751 | 14.4 | 42% |
In its most recent public year (2023), this organization spent $42,751 more than it brought in. Its reserves stood at about 14.4 months of spending, up from 6.5 in 2017. Staff pay was 42% of spending. $617,655 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
Madison Reading Project 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