Midcoast Literacy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 97,576 | 106,720 | −9,144 | 3.7 | — |
| 2013 | 75,670 | 66,791 | 8,879 | 7.5 | — |
| 2014 | 88,051 | 96,347 | −8,296 | 4.1 | — |
| 2015 | 133,699 | 97,641 | 36,058 | 7.8 | — |
| 2016 | 139,618 | 114,407 | 25,211 | 9.9 | — |
| 2017 | 157,205 | 124,480 | 32,725 | 12.3 | — |
| 2018 | 104,345 | 130,876 | −26,531 | 9.3 | — |
| 2019 | 121,246 | 140,500 | −19,254 | 7.5 | — |
| 2020 | 130,656 | 156,938 | −26,282 | 4.8 | — |
| 2021 | 184,198 | 163,038 | 21,160 | 6.2 | — |
| 2022 | 172,055 | 165,784 | 6,271 | 6.6 | — |
| 2023 | 195,017 | 186,569 | 8,448 | 6.4 | — |
In its most recent public year (2023), this organization brought in $8,448 more than it spent. Its reserves stood at about 6.4 months of spending, up from 3.7 in 2012.
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
Midcoast Literacy'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