Literacy Volunteers Of Laredo
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 61,945 | 75,231 | −13,286 | 22.3 | 55% |
| 2021 | 94,178 | 67,674 | 26,504 | 29.5 | 59% |
| 2022 | 75,953 | 71,732 | 4,221 | 28.6 | 52% |
| 2023 | 101,454 | 101,115 | 339 | 19.7 | 39% |
In its most recent public year (2023), this organization brought in $339 more than it spent. Its reserves stood at about 19.7 months of spending, down from 22.3 in 2020. Staff pay was 39% 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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