Read And Write Kalamazoo
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 244,951 | 190,257 | 54,694 | 4.5 | 0% |
| 2019 | 161,214 | 123,248 | 37,966 | 10.7 | 66% |
| 2020 | 262,150 | 180,339 | 81,811 | 12.8 | 59% |
| 2021 | 326,928 | 184,289 | 142,639 | 21.8 | 65% |
| 2022 | 333,017 | 231,304 | 101,713 | 22.6 | 64% |
| 2023 | 1,605,745 | 381,963 | 1,223,782 | 61.0 | 56% |
In its most recent public year (2023), this organization brought in $1,223,782 more than it spent. Its reserves stood at about 61 months of spending, up from 4.5 in 2018. Staff pay was 56% of spending. $1,621,755 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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