Lifeboat Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 123,236 | 132,469 | −9,233 | 1.2 | — |
| 2017 | 50,255 | 63,683 | −13,428 | 0.1 | — |
| 2018 | 2,038,362 | 100,571 | 1,937,791 | 231.3 | 0% |
| 2019 | 146,937 | 254,840 | −107,903 | 86.2 | 19% |
| 2020 | 438,439 | 337,904 | 100,535 | 68.6 | 38% |
| 2021 | 249,609 | 278,612 | −29,003 | 81.9 | 40% |
| 2022 | 432,197 | 389,038 | 43,159 | 60.0 | 41% |
| 2023 | 765,296 | 602,474 | 162,822 | 42.0 | 44% |
In its most recent public year (2023), this organization brought in $162,822 more than it spent. Its reserves stood at about 42 months of spending, up from 1.2 in 2016. Staff pay was 44% 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
Lifeboat Project Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works