L I F E Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 278,505 | 237,506 | 40,999 | 47.7 | 18% |
| 2021 | 719,527 | 221,632 | 497,895 | 78.1 | 20% |
| 2022 | 376,225 | 157,704 | 218,521 | 126.3 | 17% |
| 2023 | 261,799 | 321,986 | −60,187 | 60.7 | 7% |
In its most recent public year (2023), this organization spent $60,187 more than it brought in. Its reserves stood at about 60.7 months of spending, up from 47.7 in 2020. Staff pay was 7% 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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