National Lutheran Choir Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 660,305 | 580,262 | 80,043 | 8.6 | 48% |
| 2021 | 501,957 | 458,714 | 43,243 | 12.2 | 54% |
| 2022 | 658,854 | 559,446 | 99,408 | 12.1 | 54% |
| 2023 | 614,399 | 651,627 | −37,228 | 9.7 | 48% |
In its most recent public year (2023), this organization spent $37,228 more than it brought in. Its reserves stood at about 9.7 months of spending, up from 8.6 in 2020. Staff pay was 48% of spending. $40,950 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works