Lotus School For Excellence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 10,247,635 | 12,000,533 | −1,752,898 | -16.8 | 41% |
| 2020 | 12,136,484 | 11,614,816 | 521,668 | -16.8 | 49% |
| 2021 | 13,468,513 | 13,390,672 | 77,841 | -12.5 | 46% |
| 2022 | 15,341,421 | 15,668,919 | −327,498 | -8.4 | 44% |
| 2023 | 15,831,765 | 15,884,676 | −52,911 | -9.5 | 47% |
In its most recent public year (2023), this organization spent $52,911 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.5 months), up from -16.8 in 2019. Staff pay was 47% 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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