Martin Luther Home Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 17,283,638 | 16,831,731 | 451,907 | 0.7 | 1% |
| 2021 | 14,457,521 | 16,617,000 | −2,159,479 | -0.9 | 52% |
In its most recent public year (2021), this organization spent $2,159,479 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.9 months), down from 0.7 in 2020. Staff pay was 52% of spending. $62,517 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 2021. 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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