Love In The Name Of Christ Of Eastern Carver County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 415,546 | 412,029 | 3,517 | 1.1 | 32% |
| 2021 | 540,472 | 485,210 | 55,262 | 2.3 | 35% |
| 2022 | 536,921 | 518,346 | 18,575 | 2.6 | 32% |
| 2023 | 575,018 | 534,986 | 40,032 | 3.4 | 33% |
In its most recent public year (2023), this organization brought in $40,032 more than it spent. Its reserves stood at about 3.4 months of spending, up from 1.1 in 2020. Staff pay was 33% 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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