Literacy Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 596,608 | 511,253 | 85,355 | 3.4 | 59% |
| 2012 | 621,804 | 631,830 | −10,026 | 1.5 | 61% |
| 2013 | 635,402 | 622,876 | 12,526 | 1.7 | 73% |
| 2014 | 970,801 | 662,537 | 308,264 | 7.2 | 70% |
| 2015 | 1,589,461 | 705,969 | 883,492 | 23.0 | 67% |
| 2016 | 1,912,440 | 822,649 | 1,089,791 | 35.7 | 66% |
| 2017 | 1,287,584 | 938,467 | 349,117 | 35.9 | 69% |
| 2018 | 1,389,549 | 1,142,059 | 247,490 | 31.9 | 67% |
| 2019 | 1,191,671 | 1,195,957 | −4,286 | 31.0 | 63% |
| 2020 | 1,247,905 | 1,140,914 | 106,991 | 34.7 | 63% |
| 2021 | 2,002,520 | 1,333,832 | 668,688 | 36.1 | 66% |
| 2022 | 1,534,359 | 1,738,093 | −203,734 | 24.8 | 64% |
| 2023 | 1,757,358 | 1,853,731 | −96,373 | 23.5 | 66% |
In its most recent public year (2023), this organization spent $96,373 more than it brought in. Its reserves stood at about 23.5 months of spending, up from 3.4 in 2011. Staff pay was 66% of spending. $873,517 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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