Life Adult Day Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 421,096 | 414,440 | 6,656 | 0.4 | 72% |
| 2016 | 495,989 | 505,210 | −9,221 | 0.1 | 67% |
| 2017 | 562,285 | 514,714 | 47,571 | 1.2 | 61% |
| 2018 | 580,439 | 564,721 | 15,718 | 1.3 | 58% |
| 2019 | 674,342 | 662,130 | 12,212 | 1.3 | 58% |
| 2020 | 435,809 | 549,396 | −113,587 | 0.6 | 43% |
| 2021 | 448,387 | 712,677 | −264,290 | -2.3 | 47% |
| 2022 | 426,403 | 771,232 | −344,829 | -7.5 | 50% |
| 2023 | 886,648 | 890,258 | −3,610 | -6.6 | 49% |
In its most recent public year (2023), this organization spent $3,610 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.6 months). Staff pay was 49% 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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