Livonia Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 858,878 | 100,082 | 758,796 | 283.4 | 15% |
| 2021 | 299,533 | 129,277 | 170,256 | 239.2 | 12% |
| 2022 | 432,252 | 160,575 | 271,677 | 165.1 | 12% |
| 2023 | 176,288 | 139,710 | 36,578 | 219.3 | 14% |
In its most recent public year (2023), this organization brought in $36,578 more than it spent. Its reserves stood at about 219.3 months of spending, down from 283.4 in 2020. Staff pay was 14% of spending. $13,236 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
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