Racine Literacy Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 262,903 | 260,180 | 2,723 | 16.6 | 52% |
| 2012 | 261,743 | 258,883 | 2,860 | 16.8 | 55% |
| 2013 | 241,779 | 274,331 | −32,552 | 14.4 | 56% |
| 2014 | 253,352 | 268,516 | −15,164 | 14.1 | 58% |
| 2015 | 392,742 | 279,205 | 113,537 | 18.4 | 60% |
| 2016 | 227,537 | 241,335 | −13,798 | 20.6 | 65% |
| 2017 | 217,904 | 224,126 | −6,222 | 21.8 | 65% |
| 2018 | 194,608 | 220,592 | −25,984 | 20.8 | 65% |
| 2019 | 193,478 | 208,320 | −14,842 | 17.0 | 65% |
| 2020 | 163,633 | 193,958 | −30,325 | 16.4 | — |
| 2021 | 220,075 | 174,326 | 45,749 | 21.4 | 58% |
| 2022 | 174,755 | 196,897 | −22,142 | 17.1 | 58% |
| 2023 | 252,214 | 279,750 | −27,536 | 13.3 | 52% |
In its most recent public year (2023), this organization spent $27,536 more than it brought in. Its reserves stood at about 13.3 months of spending, down from 16.6 in 2011. Staff pay was 52% of spending. $112,025 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
Racine Literacy Council Inc'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