Life Resources Of Northern Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 513,232 | 353,278 | 159,954 | 30.4 | 50% |
| 2021 | 563,917 | 319,242 | 244,675 | 42.8 | 56% |
| 2022 | 602,893 | 370,058 | 232,835 | 45.4 | 56% |
| 2023 | 559,606 | 426,467 | 133,139 | 43.2 | 56% |
In its most recent public year (2023), this organization brought in $133,139 more than it spent. Its reserves stood at about 43.2 months of spending, up from 30.4 in 2020. Staff pay was 56% of spending. $38,340 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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