Launchyourcity Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,512,302 | 1,054,633 | 457,669 | -1.4 | 45% |
| 2021 | 661,263 | 897,153 | −235,890 | -4.8 | 55% |
| 2022 | 1,018,814 | 822,467 | 196,347 | -2.8 | 61% |
| 2023 | 487,810 | 705,387 | −217,577 | -7.1 | 67% |
In its most recent public year (2023), this organization spent $217,577 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.1 months), down from -1.4 in 2020. Staff pay was 67% 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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