Tak Lau Charity Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 400 | 400 | 0 | 0.0 | — |
| 2015 | 163,032 | 158,584 | 4,448 | 0.3 | — |
| 2016 | 167,318 | 166,848 | 470 | 0.4 | — |
| 2017 | 68,001 | 70,746 | −2,745 | 0.4 | — |
| 2018 | 188,509 | 187,536 | 973 | 0.2 | — |
| 2019 | 108,209 | 108,302 | −93 | 0.3 | — |
| 2020 | 5,875 | 28,515 | −22,640 | -8.2 | — |
| 2021 | 15,000 | 5,245 | 9,755 | -22.5 | — |
| 2022 | 0 | 28,112 | −28,112 | -16.2 | — |
| 2023 | 0 | 24,112 | −24,112 | -30.9 | — |
In its most recent public year (2023), this organization spent $24,112 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-30.9 months), down from 0 in 2014.
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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