Long Beach Reach Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,431,732 | 4,904,177 | −472,445 | 1.3 | 63% |
| 2021 | 5,922,907 | 5,854,199 | 68,708 | 1.2 | 60% |
| 2022 | 6,497,715 | 6,120,455 | 377,260 | 1.9 | 61% |
| 2023 | 7,122,540 | 6,565,681 | 556,859 | 2.8 | 63% |
In its most recent public year (2023), this organization brought in $556,859 more than it spent. Its reserves stood at about 2.8 months of spending, up from 1.3 in 2020. Staff pay was 63% of spending. $1,045,956 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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