Lamorris S Richardson Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,566 | 3,397 | 169 | 973.7 | — |
| 2021 | 11,522 | 7,294 | 4,228 | 460.4 | — |
| 2022 | 393 | 2,373 | −1,980 | 1405.2 | — |
| 2023 | 10,696 | 14,190 | −3,494 | 232.0 | — |
In its most recent public year (2023), this organization spent $3,494 more than it brought in. Its reserves stood at about 232 months of spending, down from 973.7 in 2020.
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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