Reading League
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 129,409 | 98,905 | 30,504 | 3.7 | — |
| 2018 | 351,757 | 340,872 | 10,885 | 1.9 | 10% |
| 2019 | 2,979,601 | 2,000,835 | 978,766 | 6.2 | 35% |
| 2020 | 2,169,026 | 1,915,873 | 253,153 | 8.0 | 49% |
| 2021 | 2,782,702 | 2,236,285 | 546,417 | 9.8 | 48% |
| 2022 | 4,181,035 | 3,102,440 | 1,078,595 | 11.3 | 46% |
| 2023 | 7,733,588 | 5,483,841 | 2,249,747 | 11.3 | 32% |
In its most recent public year (2023), this organization brought in $2,249,747 more than it spent. Its reserves stood at about 11.3 months of spending, up from 3.7 in 2017. Staff pay was 32% of spending. $5,500 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
Reading League's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works