Augustine Literacy Project-Charlotte
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 694,912 | 630,592 | 64,320 | 13.4 | 70% |
| 2021 | 1,166,120 | 911,481 | 254,639 | 12.6 | 70% |
| 2022 | 1,592,243 | 1,340,018 | 252,225 | 10.4 | 65% |
| 2023 | 1,418,445 | 1,426,726 | −8,281 | 10.0 | 63% |
| 2024 | 1,670,649 | 1,850,800 | −180,151 | 6.8 | 52% |
In its most recent public year (2024), this organization spent $180,151 more than it brought in. Its reserves stood at about 6.8 months of spending, down from 13.4 in 2020. Staff pay was 52% 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 2024. 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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