Life Mortgage And Real Estate Officers Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,850 | 14,931 | −5,081 | 28.1 | — |
| 2021 | 103 | 5,679 | −5,576 | 62.1 | — |
| 2022 | 70,266 | 11,266 | 59,000 | 94.1 | — |
| 2023 | 73,219 | 124,140 | −50,921 | 3.6 | — |
In its most recent public year (2023), this organization spent $50,921 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 28.1 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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