Lc Fund For Priesty Formation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — | — |
| 2016 | 14,346 | 15,633 | −1,287 | -3.8 | 0% |
| 2017 | 353,773 | 11,357 | 342,416 | 368.3 | 0% |
| 2018 | 28,852 | 15,751 | 13,101 | 249.6 | 0% |
| 2019 | 31,835 | 16,256 | 15,579 | 278.4 | 0% |
| 2020 | 4,775,916 | 570,877 | 4,205,039 | 101.0 | 0% |
| 2021 | 5,730,048 | 1,788,970 | 3,941,078 | 58.4 | 0% |
| 2022 | 6,359,818 | 2,957,166 | 3,402,652 | 46.1 | 0% |
| 2023 | 9,010,049 | 10,893,585 | −1,883,536 | 11.1 | 0% |
In its most recent public year (2023), this organization spent $1,883,536 more than it brought in. Its reserves stood at about 11.1 months of spending. Staff pay was 0% 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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