Equipped For Life Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 76,627 | 79,542 | −2,915 | 14.9 | 61% |
| 2021 | 44,722 | 75,976 | −31,254 | 10.7 | 59% |
| 2022 | 143,732 | 167,279 | −23,547 | 3.2 | 33% |
| 2023 | 79,659 | 95,268 | −15,609 | 3.6 | 47% |
In its most recent public year (2023), this organization spent $15,609 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 14.9 in 2020. Staff pay was 47% 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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