The Reading Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 578,787 | 502,766 | 76,021 | 3.7 | 36% |
| 2012 | 626,366 | 579,246 | 47,120 | 4.2 | 36% |
| 2013 | 498,463 | 500,825 | −2,362 | 4.8 | 44% |
| 2014 | 574,948 | 571,557 | 3,391 | 4.3 | 40% |
| 2015 | 605,411 | 492,881 | 112,530 | 7.7 | 44% |
| 2016 | 526,137 | 540,957 | −14,820 | 6.7 | 38% |
| 2017 | 596,825 | 655,448 | −58,623 | 4.5 | 32% |
| 2018 | 765,299 | 686,247 | 79,052 | 5.6 | 33% |
| 2019 | 608,140 | 610,995 | −2,855 | 6.3 | 38% |
| 2020 | 617,298 | 638,897 | −21,599 | 5.6 | 42% |
| 2021 | 841,516 | 776,079 | 65,437 | 5.6 | 34% |
| 2022 | 847,268 | 855,018 | −7,750 | 5.0 | 32% |
| 2023 | 884,826 | 686,576 | 198,250 | 9.7 | 50% |
In its most recent public year (2023), this organization brought in $198,250 more than it spent. Its reserves stood at about 9.7 months of spending, up from 3.7 in 2011. Staff pay was 50% 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
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