Read Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 13,611,845 | 11,161,164 | 2,450,681 | 8.6 | 52% |
| 2022 | 16,018,216 | 14,112,435 | 1,905,781 | 8.3 | 51% |
| 2023 | 20,141,897 | 19,484,677 | 657,220 | 6.4 | 48% |
In its most recent public year (2023), this organization brought in $657,220 more than it spent. Its reserves stood at about 6.4 months of spending, down from 8.6 in 2021. Staff pay was 48% of spending. $1,710,576 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
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