Literacy First Charter Schools
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,334,315 | 8,985,170 | 349,145 | 7.3 | 53% |
| 2012 | 10,326,110 | 9,942,738 | 383,372 | 7.1 | 53% |
| 2013 | 11,034,022 | 9,978,475 | 1,055,547 | 8.3 | 56% |
| 2014 | 12,781,811 | 10,938,308 | 1,843,503 | 9.6 | 54% |
| 2015 | 13,137,772 | 12,314,507 | 823,265 | 9.3 | 55% |
| 2016 | 15,660,119 | 13,290,814 | 2,369,305 | 10.8 | 55% |
| 2017 | 16,533,846 | 14,997,226 | 1,536,620 | 10.8 | 54% |
| 2018 | 16,219,818 | 15,264,319 | 955,499 | 11.4 | 57% |
| 2019 | 17,465,391 | 17,168,981 | 296,410 | 10.3 | 57% |
| 2020 | 17,655,282 | 18,454,976 | −799,694 | 9.1 | 57% |
| 2021 | 23,446,904 | 19,722,920 | 3,723,984 | 10.3 | 56% |
| 2022 | 25,457,926 | 22,799,979 | 2,657,947 | 9.8 | 53% |
| 2023 | 27,521,867 | 26,363,875 | 1,157,992 | 8.8 | 52% |
In its most recent public year (2023), this organization brought in $1,157,992 more than it spent. Its reserves stood at about 8.8 months of spending, up from 7.3 in 2011. Staff pay was 52% 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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