Literacy Source
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 523,183 | 509,105 | 14,078 | 6.5 | 59% |
| 2012 | 486,186 | 483,423 | 2,763 | 6.9 | 61% |
| 2013 | 581,930 | 525,932 | 55,998 | 7.6 | 62% |
| 2014 | 517,718 | 509,804 | 7,914 | 8.0 | 61% |
| 2015 | 561,521 | 529,039 | 32,482 | 8.5 | 61% |
| 2016 | 827,215 | 743,293 | 83,922 | 7.4 | 63% |
| 2017 | 791,874 | 811,662 | −19,788 | 6.5 | 62% |
| 2018 | 969,134 | 931,362 | 37,772 | 6.1 | 63% |
| 2019 | 1,008,680 | 1,051,376 | −42,696 | 4.9 | 65% |
| 2020 | 1,149,770 | 1,107,704 | 42,066 | 5.2 | 62% |
| 2021 | 1,208,747 | 1,141,172 | 67,575 | 5.7 | 66% |
| 2022 | 1,195,880 | 1,131,168 | 64,712 | 6.4 | 68% |
| 2023 | 1,389,759 | 1,331,373 | 58,386 | 6.0 | 71% |
In its most recent public year (2023), this organization brought in $58,386 more than it spent. Its reserves stood at about 6 months of spending. Staff pay was 71% of spending. $22,256 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
Literacy Source'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