Bags Of Love Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 5,975 | 703 | 5,272 | 90.0 | 0% |
| 2014 | 37,680 | 37,073 | 607 | 1.9 | 0% |
| 2016 | 52,846 | 53,035 | −189 | 1.2 | 0% |
| 2017 | 89,307 | 67,316 | 21,991 | 4.9 | 0% |
| 2018 | 65,435 | 74,912 | −9,477 | 2.9 | 0% |
| 2019 | 62,687 | 50,268 | 12,419 | 7.3 | 0% |
| 2020 | 67,621 | 48,542 | 19,079 | 12.2 | 0% |
| 2021 | 1 | 1,824 | −1,823 | 313.4 | 0% |
| 2022 | 205,197 | 102,741 | 102,456 | 17.5 | 0% |
| 2023 | 172,087 | 106,847 | 65,240 | 24.2 | 0% |
In its most recent public year (2023), this organization brought in $65,240 more than it spent. Its reserves stood at about 24.2 months of spending, down from 90 in 2013. 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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