Lifelong Learning Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 394,933 | 248,136 | 146,797 | 84.1 | 0% |
| 2021 | 427,560 | 343,766 | 83,794 | 63.1 | 0% |
| 2022 | 614,807 | 433,133 | 181,674 | 50.7 | 0% |
| 2023 | 564,951 | 618,115 | −53,164 | 34.6 | 0% |
In its most recent public year (2023), this organization spent $53,164 more than it brought in. Its reserves stood at about 34.6 months of spending, down from 84.1 in 2020. Staff pay was 0% 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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