Reading Connections Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 636,559 | 626,610 | 9,949 | 9.9 | 69% |
| 2013 | 611,783 | 628,826 | −17,043 | 9.7 | 67% |
| 2014 | 539,199 | 608,414 | −69,215 | 8.9 | 62% |
| 2015 | 578,400 | 526,822 | 51,578 | 11.5 | 60% |
| 2016 | 548,626 | 570,580 | −21,954 | 10.0 | 69% |
| 2017 | 700,418 | 616,886 | 83,532 | 11.1 | 66% |
| 2018 | 777,474 | 719,174 | 58,300 | 10.6 | 65% |
| 2019 | 848,006 | 788,725 | 59,281 | 10.6 | 68% |
| 2020 | 809,974 | 835,805 | −25,831 | 9.7 | 72% |
| 2021 | 760,969 | 839,136 | −78,167 | 8.9 | 74% |
| 2022 | 876,169 | 806,333 | 69,836 | 10.0 | 74% |
| 2023 | 858,970 | 872,509 | −13,539 | 9.2 | 73% |
| 2024 | 966,781 | 1,182,533 | −215,752 | 4.7 | 69% |
In its most recent public year (2024), this organization spent $215,752 more than it brought in. Its reserves stood at about 4.7 months of spending, down from 9.9 in 2012. Staff pay was 69% of spending. $523,656 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 2024. 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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