Changing Lives Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 525,527 | 487,625 | 37,902 | 0.8 | 47% |
| 2019 | 547,672 | 533,874 | 13,798 | 1.0 | 60% |
| 2020 | 609,805 | 646,741 | −36,936 | 0.1 | 39% |
| 2021 | 645,036 | 624,052 | 20,984 | 0.1 | 46% |
| 2023 | 780,729 | 795,906 | −15,177 | -3.2 | 53% |
In its most recent public year (2023), this organization spent $15,177 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.2 months), down from 0.8 in 2018. Staff pay was 53% 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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