Life Enrichment Center Of Norfolk
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 351,294 | 185,707 | 165,587 | 15.3 | 41% |
| 2021 | 312,070 | 221,840 | 90,230 | 17.7 | 39% |
| 2022 | 201,868 | 282,503 | −80,635 | 10.5 | 39% |
| 2023 | 311,877 | 296,955 | 14,922 | 10.6 | 38% |
In its most recent public year (2023), this organization brought in $14,922 more than it spent. Its reserves stood at about 10.6 months of spending, down from 15.3 in 2020. Staff pay was 38% 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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