Springs Of Life Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 339,463 | 225,027 | 114,436 | 11.2 | 48% |
| 2021 | 522,763 | 350,654 | 172,109 | 13.2 | 43% |
| 2022 | 402,666 | 410,592 | −7,926 | 11.0 | 43% |
| 2023 | 370,916 | 402,496 | −31,580 | 10.3 | 41% |
In its most recent public year (2023), this organization spent $31,580 more than it brought in. Its reserves stood at about 10.3 months of spending. Staff pay was 41% 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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