Ferst Readers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,927,302 | 1,954,478 | −27,176 | 11.7 | 21% |
| 2021 | 2,368,538 | 1,998,344 | 370,194 | 13.8 | 24% |
| 2022 | 1,848,340 | 2,392,283 | −543,943 | 7.9 | 25% |
In its most recent public year (2022), this organization spent $543,943 more than it brought in. Its reserves stood at about 7.9 months of spending, down from 11.7 in 2020. Staff pay was 25% of spending. $1,756,932 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 2022. 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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