Literary Cleveland
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 75,640 | 61,118 | 14,522 | 4.1 | — |
| 2017 | 110,645 | 106,090 | 4,555 | 2.9 | — |
| 2018 | 128,775 | 108,319 | 20,456 | 5.1 | — |
| 2019 | 163,306 | 179,501 | −16,195 | 2.0 | — |
| 2020 | 234,818 | 154,617 | 80,201 | 8.5 | 73% |
| 2021 | 304,183 | 235,958 | 68,225 | 9.1 | 72% |
| 2022 | 491,704 | 342,917 | 148,787 | 11.4 | 39% |
| 2023 | 469,854 | 495,491 | −25,637 | 6.8 | 33% |
In its most recent public year (2023), this organization spent $25,637 more than it brought in. Its reserves stood at about 6.8 months of spending, up from 4.1 in 2016. Staff pay was 33% 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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