Life Learning Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,575,658 | 2,660,730 | 914,928 | 21.9 | 44% |
| 2021 | 3,610,340 | 2,999,688 | 610,652 | 21.9 | 48% |
| 2022 | 4,536,938 | 3,358,994 | 1,177,944 | 23.8 | 51% |
| 2023 | 4,873,879 | 3,745,064 | 1,128,815 | 24.9 | 56% |
In its most recent public year (2023), this organization brought in $1,128,815 more than it spent. Its reserves stood at about 24.9 months of spending, up from 21.9 in 2020. Staff pay was 56% of spending. $1,110,212 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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