Legacy Advancement
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 142,192 | −142,192 | -12.0 | — |
| 2015 | 125,000 | 319,217 | −194,217 | -12.6 | — |
| 2016 | 1,365,158 | 660,502 | 704,656 | 6.7 | 30% |
| 2017 | 828,779 | 981,398 | −152,619 | 2.6 | 19% |
| 2018 | 810,423 | 802,620 | 7,803 | 3.3 | 29% |
| 2019 | 532,240 | 497,010 | 35,230 | 6.2 | 22% |
| 2020 | 1,109,749 | 549,438 | 560,311 | 17.9 | 8% |
| 2021 | 600,024 | 405,633 | 194,391 | 30.0 | 0% |
| 2022 | 1,397,776 | 376,767 | 1,021,009 | 64.8 | 0% |
In its most recent public year (2022), this organization brought in $1,021,009 more than it spent. Its reserves stood at about 64.8 months of spending, up from -12 in 2014. Staff pay was 0% of spending. $1,216,667 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 2022. 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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