Literacy Mid South Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 702,030 | 489,875 | 212,155 | 17.1 | 56% |
| 2013 | 639,597 | 601,636 | 37,961 | 14.7 | 0% |
| 2014 | 608,190 | 435,669 | 172,521 | 24.9 | 57% |
| 2015 | 766,070 | 583,542 | 182,528 | 23.0 | 55% |
| 2016 | 911,905 | 690,000 | 221,905 | 22.6 | 56% |
| 2017 | 616,734 | 754,789 | −138,055 | 19.3 | 50% |
| 2018 | 1,130,935 | 825,406 | 305,529 | 22.1 | 39% |
| 2019 | 720,334 | 873,075 | −152,741 | 18.8 | 53% |
| 2020 | 1,148,746 | 999,680 | 149,066 | 18.2 | 54% |
| 2021 | 1,146,029 | 1,170,388 | −24,359 | 16.8 | 51% |
| 2022 | 1,066,106 | 1,316,786 | −250,680 | 11.1 | 44% |
| 2023 | 2,698,392 | 2,673,772 | 24,620 | 5.9 | 56% |
In its most recent public year (2023), this organization brought in $24,620 more than it spent. Its reserves stood at about 5.9 months of spending, down from 17.1 in 2012. Staff pay was 56% of spending. $185,000 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
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