Literacy Connections Of Wayne County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 50,662 | 44,336 | 6,326 | 23.7 | — |
| 2018 | 184,506 | 178,837 | 5,669 | 6.6 | — |
| 2019 | 198,197 | 193,022 | 5,175 | 6.4 | 64% |
| 2020 | 210,898 | 203,355 | 7,543 | 6.5 | 59% |
| 2021 | 203,378 | 198,129 | 5,249 | 7.0 | 81% |
| 2022 | 239,833 | 208,228 | 31,605 | 8.5 | 80% |
| 2023 | 245,258 | 231,182 | 14,076 | 8.4 | 79% |
In its most recent public year (2023), this organization brought in $14,076 more than it spent. Its reserves stood at about 8.4 months of spending, down from 23.7 in 2017. Staff pay was 79% of spending.
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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