Durham Literacy Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 616,915 | 380,011 | 236,904 | 22.0 | 54% |
| 2013 | 473,820 | 413,258 | 60,562 | 22.0 | 49% |
| 2014 | 460,545 | 397,959 | 62,586 | 24.7 | 51% |
| 2015 | 576,296 | 412,830 | 163,466 | 28.5 | 49% |
| 2016 | 563,476 | 490,695 | 72,781 | 25.2 | 51% |
| 2017 | 576,300 | 503,847 | 72,453 | 26.2 | 43% |
| 2018 | 893,413 | 537,482 | 355,931 | 32.6 | 55% |
| 2019 | 870,604 | 732,053 | 138,551 | 27.1 | 60% |
| 2020 | 568,028 | 797,324 | −229,296 | 21.5 | 68% |
| 2021 | 637,612 | 727,153 | −89,541 | 22.4 | 66% |
| 2022 | 948,350 | 905,335 | 43,015 | 17.5 | 61% |
| 2023 | 626,388 | 880,136 | −253,748 | 14.9 | 59% |
In its most recent public year (2023), this organization spent $253,748 more than it brought in. Its reserves stood at about 14.9 months of spending, down from 22 in 2012. Staff pay was 59% of spending. $56,632 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
Durham Literacy Center 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