Reading Partners
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 30,704,369 | 26,619,096 | 4,085,273 | 6.3 | 69% |
| 2022 | 49,953,069 | 27,536,854 | 22,416,215 | 15.8 | 67% |
| 2023 | 36,214,983 | 35,642,772 | 572,211 | 12.8 | 63% |
In its most recent public year (2023), this organization brought in $572,211 more than it spent. Its reserves stood at about 12.8 months of spending, up from 6.3 in 2021. Staff pay was 63% of spending. $9,695,257 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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