K-Love & Air1 Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 542,706 | 440,356 | 102,350 | 148.7 | 0% |
| 2012 | 57,357 | 130,649 | −73,292 | 43.4 | 0% |
| 2013 | 110,549 | 502,101 | −391,552 | 2.3 | 0% |
| 2014 | 3,667 | 55,860 | −52,193 | 11.7 | 0% |
| 2015 | 1,317 | 42,785 | −41,468 | 6.0 | 0% |
| 2016 | 12 | 28,644 | −28,632 | 1.7 | 0% |
| 2017 | 0 | 14,711 | −14,711 | 0.1 | 0% |
| 2018 | 0 | 2,500 | −2,500 | 0.5 | 0% |
| 2019 | 197,028 | 436,676 | −239,648 | 107.5 | 44% |
| 2020 | 698,937 | 1,566,980 | −868,043 | 28.4 | 53% |
| 2021 | 1,329,742 | 1,398,413 | −68,671 | 31.3 | 57% |
| 2022 | 1,487,883 | 1,369,480 | 118,403 | 33.1 | 61% |
| 2023 | 1,369,468 | 1,878,694 | −509,226 | 6.5 | 48% |
In its most recent public year (2023), this organization spent $509,226 more than it brought in. Its reserves stood at about 6.5 months of spending, down from 148.7 in 2011. Staff pay was 48% 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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