New Life Furniture Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 185,812 | 177,786 | 8,026 | 6.1 | 14% |
| 2012 | 427,393 | 419,522 | 7,871 | 2.8 | 16% |
| 2013 | 151,020 | 194,442 | −43,422 | 5.2 | 38% |
| 2014 | 218,635 | 159,757 | 58,878 | 5.7 | 48% |
| 2015 | 282,329 | 259,873 | 22,456 | 4.6 | 35% |
| 2016 | 255,003 | 270,214 | −15,211 | 4.3 | 44% |
| 2017 | 433,468 | 456,438 | −22,970 | 2.5 | 44% |
| 2018 | 672,133 | 602,744 | 69,389 | 3.3 | 44% |
| 2019 | 757,163 | 726,321 | 30,842 | 3.2 | 49% |
| 2020 | 882,793 | 708,717 | 174,076 | 6.3 | 53% |
| 2021 | 1,355,616 | 982,027 | 373,589 | 9.1 | 47% |
| 2022 | 2,092,535 | 2,047,703 | 44,832 | 4.6 | 46% |
| 2023 | 2,852,594 | 2,988,927 | −136,333 | 2.6 | 41% |
In its most recent public year (2023), this organization spent $136,333 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 6.1 in 2011. Staff pay was 41% of spending. $122,179 of its net assets are donor-restricted.
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
New Life Furniture Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works