New Life Day School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 240,616 | 252,343 | −11,727 | 0.0 | 54% |
| 2017 | 395,865 | 368,447 | 27,418 | 0.0 | 44% |
| 2018 | 760,680 | 672,726 | 87,954 | 0.0 | 53% |
| 2019 | 794,372 | 821,576 | −27,204 | 1.8 | 48% |
| 2020 | 778,523 | 706,956 | 71,567 | 3.3 | 48% |
| 2021 | 574,118 | 571,139 | 2,979 | 4.1 | 63% |
| 2022 | 663,995 | 580,199 | 83,796 | 5.8 | 63% |
| 2023 | 901,262 | 577,032 | 324,230 | 12.5 | 61% |
In its most recent public year (2023), this organization brought in $324,230 more than it spent. Its reserves stood at about 12.5 months of spending, up from 0 in 2016. Staff pay was 61% 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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