Lown Cardiovascular Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,045,708 | 3,369,289 | −323,581 | 4.8 | 55% |
| 2021 | 3,717,479 | 2,947,653 | 769,826 | 8.6 | 55% |
| 2022 | 2,933,194 | 3,072,859 | −139,665 | 7.7 | 55% |
| 2023 | 2,964,070 | 3,150,487 | −186,417 | 6.8 | 58% |
In its most recent public year (2023), this organization spent $186,417 more than it brought in. Its reserves stood at about 6.8 months of spending, up from 4.8 in 2020. Staff pay was 58% of spending. $175,124 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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