L C Industries Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,759,120 | 2,466,217 | 4,292,903 | 307.2 | 0% |
| 2021 | 7,494,768 | 2,253,302 | 5,241,466 | 374.0 | 0% |
| 2022 | 851,710 | 1,356,449 | −504,739 | 571.4 | 0% |
| 2023 | 3,029,940 | 2,307,535 | 722,405 | 355.3 | 0% |
In its most recent public year (2023), this organization brought in $722,405 more than it spent. Its reserves stood at about 355.3 months of spending, up from 307.2 in 2020. Staff pay was 0% 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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