First Light Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 331,015 | 285,155 | 45,860 | 13.5 | 77% |
| 2021 | 333,044 | 329,435 | 3,609 | 13.1 | 71% |
| 2022 | 487,880 | 477,418 | 10,462 | 8.6 | 70% |
| 2023 | 768,022 | 502,744 | 265,278 | 14.9 | 71% |
In its most recent public year (2023), this organization brought in $265,278 more than it spent. Its reserves stood at about 14.9 months of spending, up from 13.5 in 2020. Staff pay was 71% 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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