Virginia Literacy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 366,025 | 555,898 | −189,873 | 12.0 | 17% |
| 2012 | 858,521 | 697,319 | 161,202 | 12.3 | 14% |
| 2013 | 895,069 | 868,280 | 26,789 | 10.3 | 14% |
| 2014 | 987,833 | 972,346 | 15,487 | 9.4 | 10% |
| 2015 | 700,592 | 858,278 | −157,686 | 8.4 | 10% |
| 2016 | 674,974 | 780,541 | −105,567 | 7.6 | 0% |
| 2017 | 943,824 | 911,148 | 32,676 | 7.0 | 0% |
| 2018 | 924,066 | 911,440 | 12,626 | 7.1 | 9% |
| 2019 | 890,204 | 992,554 | −102,350 | 5.3 | 10% |
| 2020 | 862,331 | 854,902 | 7,429 | 6.3 | 15% |
| 2021 | 532,718 | 433,504 | 99,214 | 15.1 | 5% |
| 2022 | 577,726 | 458,285 | 119,441 | 17.4 | 48% |
| 2023 | 636,344 | 572,014 | 64,330 | 15.3 | 33% |
In its most recent public year (2023), this organization brought in $64,330 more than it spent. Its reserves stood at about 15.3 months of spending, up from 12 in 2011. Staff pay was 33% of spending. $7,903 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
Virginia Literacy Foundation'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