Discover Torrance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 543,750 | 502,577 | 41,173 | 43.9 | 3% |
| 2021 | 553,392 | 860,670 | −307,278 | 21.3 | 11% |
| 2022 | 769,297 | 903,620 | −134,323 | 19.0 | 14% |
| 2023 | 921,782 | 1,000,475 | −78,693 | 16.2 | 16% |
In its most recent public year (2023), this organization spent $78,693 more than it brought in. Its reserves stood at about 16.2 months of spending, down from 43.9 in 2020. Staff pay was 16% 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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