Literacy Volunteers Of Greater Waterbury
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 166,363 | 185,032 | −18,669 | 9.2 | 66% |
| 2021 | 204,672 | 142,844 | 61,828 | 17.1 | 66% |
| 2022 | 177,681 | 147,176 | 30,505 | 19.1 | 73% |
| 2023 | 314,920 | 184,036 | 130,884 | 23.9 | 65% |
In its most recent public year (2023), this organization brought in $130,884 more than it spent. Its reserves stood at about 23.9 months of spending, up from 9.2 in 2020. Staff pay was 65% of spending.
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
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