The Reading Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 777,144 | 813,681 | −36,537 | 9.2 | 36% |
| 2013 | 1,283,897 | 881,034 | 402,863 | 14.0 | 41% |
| 2014 | 1,808,366 | 1,401,827 | 406,539 | 12.3 | 26% |
| 2015 | 2,002,403 | 2,005,209 | −2,806 | 8.6 | 23% |
| 2016 | 2,839,851 | 2,641,099 | 198,752 | 7.4 | 21% |
| 2017 | 1,595,439 | 1,573,389 | 22,050 | 12.6 | 28% |
| 2018 | 701,703 | 990,603 | −288,900 | 16.5 | 42% |
| 2019 | 1,001,796 | 704,705 | 297,091 | 28.3 | 29% |
| 2020 | 500,832 | 555,483 | −54,651 | 34.7 | 44% |
| 2021 | 1,709,523 | 987,226 | 722,297 | 28.1 | 39% |
| 2022 | 1,421,943 | 1,241,305 | 180,638 | 24.1 | 33% |
| 2023 | 1,245,542 | 1,176,612 | 68,930 | 26.1 | 25% |
In its most recent public year (2023), this organization brought in $68,930 more than it spent. Its reserves stood at about 26.1 months of spending, up from 9.2 in 2012. Staff pay was 25% 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 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
The Reading Foundation'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