Life Asset Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,681,692 | 1,232,750 | 448,942 | 17.0 | 31% |
| 2021 | 2,953,313 | 1,074,555 | 1,878,758 | 40.5 | 37% |
| 2022 | 2,370,179 | 1,301,797 | 1,068,382 | 43.3 | 41% |
| 2023 | 2,086,765 | 1,337,011 | 749,754 | 48.8 | 46% |
In its most recent public year (2023), this organization brought in $749,754 more than it spent. Its reserves stood at about 48.8 months of spending, up from 17 in 2020. Staff pay was 46% 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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