Literacy Council Gulf Coast Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 837,767 | 478,290 | 359,477 | 45.0 | 49% |
| 2012 | 515,596 | 623,170 | −107,574 | 33.2 | 55% |
| 2013 | 487,174 | 548,425 | −61,251 | 36.4 | 55% |
| 2014 | 593,895 | 597,682 | −3,787 | 33.3 | 60% |
| 2015 | 613,105 | 608,092 | 5,013 | 32.9 | 61% |
| 2016 | 524,842 | 558,997 | −34,155 | 35.0 | 59% |
| 2017 | 559,085 | 547,838 | 11,247 | 36.0 | 59% |
| 2018 | 582,788 | 544,089 | 38,699 | 37.1 | 58% |
| 2019 | 506,745 | 498,731 | 8,014 | 43.1 | 59% |
| 2020 | 492,652 | 516,007 | −23,355 | 40.9 | 58% |
| 2021 | 615,694 | 404,096 | 211,598 | 60.9 | 55% |
| 2022 | 608,693 | 469,446 | 139,247 | 55.3 | 57% |
| 2023 | 436,983 | 513,413 | −76,430 | 50.6 | 55% |
In its most recent public year (2023), this organization spent $76,430 more than it brought in. Its reserves stood at about 50.6 months of spending, up from 45 in 2011. Staff pay was 55% of spending. $24,976 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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