Letters Charity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 84,917 | 82,234 | 2,683 | 0.4 | — |
| 2019 | 568,110 | 451,020 | 117,090 | 3.2 | 24% |
| 2020 | 218,694 | 249,771 | −31,077 | 4.3 | 42% |
| 2021 | 307,202 | 291,525 | 15,677 | 4.3 | 36% |
| 2022 | 369,035 | 396,219 | −27,184 | 2.3 | 28% |
| 2023 | 382,509 | 364,587 | 17,922 | 3.1 | 30% |
In its most recent public year (2023), this organization brought in $17,922 more than it spent. Its reserves stood at about 3.1 months of spending, up from 0.4 in 2018. Staff pay was 30% of spending. $48,571 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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