Laurus Collegiate Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,631,115 | 3,598,333 | 32,782 | -5.6 | 36% |
| 2021 | 5,371,641 | 5,435,621 | −63,980 | -3.8 | 33% |
| 2022 | 8,443,166 | 8,825,790 | −382,624 | -2.9 | 39% |
| 2023 | 10,421,044 | 11,826,807 | −1,405,763 | -3.6 | 36% |
In its most recent public year (2023), this organization spent $1,405,763 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.6 months), up from -5.6 in 2020. Staff pay was 36% 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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