Literacy Access Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 25,000 | 1,560 | 23,440 | 180.3 | — |
| 2017 | 14,446 | 73,735 | −59,289 | -5.8 | — |
| 2019 | 11,730 | 71,361 | −59,631 | -32.8 | — |
| 2021 | 85,768 | 40,471 | 45,297 | -44.1 | — |
In its most recent public year (2021), this organization brought in $45,297 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-44.1 months), down from 180.3 in 2016.
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 2021. 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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