Adult Reading Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 439,382 | 434,772 | 4,610 | 7.8 | 60% |
| 2012 | 527,413 | 510,241 | 17,172 | 7.1 | 64% |
| 2013 | 498,575 | 526,551 | −27,976 | 6.1 | 31% |
| 2014 | 484,278 | 536,527 | −52,249 | 4.8 | 42% |
| 2015 | 429,443 | 468,515 | −39,072 | 4.5 | 36% |
| 2016 | 820,197 | 488,041 | 332,156 | 12.5 | 35% |
| 2017 | 479,981 | 551,342 | −71,361 | 9.5 | 58% |
| 2018 | 543,658 | 598,133 | −54,475 | 7.7 | 63% |
| 2019 | 384,936 | 561,788 | −176,852 | 4.4 | 63% |
| 2020 | 463,686 | 593,990 | −130,304 | 1.5 | 66% |
| 2022 | 531,952 | 614,124 | −82,172 | -0.5 | 56% |
| 2023 | 564,517 | 614,489 | −49,972 | -0.9 | 44% |
In its most recent public year (2023), this organization spent $49,972 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.9 months), down from 7.8 in 2011. Staff pay was 44% 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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