Lyte Collective
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 26,842 | 4,883 | 21,959 | 54.0 | — |
| 2016 | 170,546 | 11,337 | 159,209 | 191.8 | — |
| 2017 | 682,556 | 33,748 | 648,808 | 298.7 | 40% |
| 2018 | 436,315 | 155,983 | 280,332 | 86.2 | 71% |
| 2019 | 697,979 | 190,970 | 507,009 | 102.3 | 64% |
| 2020 | 759,416 | 457,684 | 301,732 | 50.6 | 45% |
| 2021 | 767,045 | 679,531 | 87,514 | 35.6 | 44% |
| 2022 | 1,042,167 | 721,493 | 320,674 | 38.9 | 42% |
| 2023 | 771,725 | 809,726 | −38,001 | 34.1 | 45% |
In its most recent public year (2023), this organization spent $38,001 more than it brought in. Its reserves stood at about 34.1 months of spending. Staff pay was 45% of spending. $500,310 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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