Luther Towers Of Dover Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 676,095 | 507,874 | 168,221 | 12.5 | 26% |
| 2022 | 684,682 | 528,680 | 156,002 | 15.5 | 24% |
| 2023 | 706,935 | 550,991 | 155,944 | 18.3 | 25% |
| 2024 | 766,966 | 536,263 | 230,703 | 24.0 | 27% |
In its most recent public year (2024), this organization brought in $230,703 more than it spent. Its reserves stood at about 24 months of spending, up from 12.5 in 2021. Staff pay was 27% 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 2024. 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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