Fundamental Literacy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,064,338 | 250,000 | 814,338 | 39.1 | 0% |
| 2016 | 6,382 | 71,500 | −65,118 | 125.7 | 0% |
| 2017 | 2,026,546 | 76,040 | 1,950,506 | 426.0 | 0% |
| 2018 | 3,330,404 | 252,543 | 3,077,861 | 274.5 | 0% |
| 2019 | 3,081,289 | 203,167 | 2,878,122 | 511.2 | 0% |
| 2020 | 1,158,320 | 74,311 | 1,084,009 | 1572.8 | 0% |
| 2021 | 9,174,146 | 127,474 | 9,046,672 | 1777.2 | 0% |
| 2022 | 2,398,424 | 1,371,687 | 1,026,737 | 174.1 | 0% |
| 2023 | 2,115,637 | 12,767,270 | −10,651,633 | 8.7 | 0% |
In its most recent public year (2023), this organization spent $10,651,633 more than it brought in. Its reserves stood at about 8.7 months of spending, down from 39.1 in 2015. Staff pay was 0% of spending. $6,259,660 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
Fundamental Literacy Foundation'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