The Reading Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 49,632 | 58,753 | −9,121 | 10.6 | 35% |
| 2012 | 38,239 | 63,417 | −25,178 | 5.0 | — |
| 2013 | 64,991 | 52,070 | 12,921 | 9.1 | 51% |
| 2014 | 93,312 | 58,195 | 35,117 | 15.4 | 40% |
| 2015 | 127,016 | 73,123 | 53,893 | 22.2 | 51% |
| 2016 | 137,789 | 114,041 | 23,748 | 16.8 | 59% |
| 2017 | 121,075 | 95,271 | 25,804 | 23.3 | — |
| 2018 | 145,101 | 109,858 | 35,243 | 24.1 | — |
| 2019 | 157,023 | 141,598 | 15,425 | 20.0 | — |
| 2020 | 251,762 | 241,865 | 9,897 | 11.0 | 37% |
| 2021 | 370,404 | 267,940 | 102,464 | 14.5 | 30% |
| 2022 | 417,119 | 450,256 | −33,137 | 7.8 | 29% |
| 2023 | 469,425 | 490,066 | −20,641 | 6.6 | 26% |
In its most recent public year (2023), this organization spent $20,641 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 10.6 in 2011. Staff pay was 26% 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