Literacy Lubbock
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 233,907 | 205,035 | 28,872 | 16.7 | 54% |
| 2012 | 230,820 | 231,859 | −1,039 | 14.7 | 58% |
| 2013 | 239,362 | 220,434 | 18,928 | 16.5 | 71% |
| 2014 | 234,856 | 226,451 | 8,405 | 16.5 | 70% |
| 2015 | 263,506 | 233,503 | 30,003 | 17.5 | 69% |
| 2016 | 255,071 | 252,268 | 2,803 | 16.4 | 68% |
| 2017 | 248,941 | 253,323 | −4,382 | 16.1 | 69% |
| 2018 | 264,807 | 241,165 | 23,642 | 18.1 | 66% |
| 2019 | 250,236 | 206,093 | 44,143 | 23.7 | 64% |
| 2020 | 235,448 | 234,089 | 1,359 | 20.9 | 68% |
| 2021 | 289,080 | 238,476 | 50,604 | 23.1 | 69% |
| 2022 | 284,325 | 288,151 | −3,826 | 19.0 | 58% |
| 2023 | 259,084 | 284,205 | −25,121 | 18.2 | 63% |
In its most recent public year (2023), this organization spent $25,121 more than it brought in. Its reserves stood at about 18.2 months of spending, up from 16.7 in 2011. Staff pay was 63% of spending. $75,122 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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