The New Life Child Development Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,325,647 | 10,439,485 | −113,838 | 1.3 | 50% |
| 2021 | 9,022,777 | 8,977,555 | 45,222 | 1.6 | 53% |
| 2022 | 9,590,503 | 9,973,663 | −383,160 | 1.0 | 50% |
| 2023 | 10,583,661 | 10,793,853 | −210,192 | 0.7 | 53% |
In its most recent public year (2023), this organization spent $210,192 more than it brought in. Its reserves stood at about 0.7 months of spending. Staff pay was 53% 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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