Love City Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 172,176 | 162,870 | 9,306 | 0.7 | 20% |
| 2017 | 499,444 | 246,244 | 253,200 | 12.3 | 26% |
| 2018 | 845,797 | 761,349 | 84,448 | 5.3 | 34% |
| 2019 | 1,003,517 | 751,717 | 251,800 | 9.4 | 44% |
| 2020 | 2,028,747 | 1,268,547 | 760,200 | 15.0 | 36% |
| 2021 | 1,459,533 | 1,178,724 | 280,809 | 19.0 | 41% |
| 2022 | 590,422 | 1,086,874 | −496,452 | 15.1 | 63% |
| 2023 | 947,418 | 1,154,835 | −207,417 | 12.5 | 63% |
In its most recent public year (2023), this organization spent $207,417 more than it brought in. Its reserves stood at about 12.5 months of spending, up from 0.7 in 2016. Staff pay was 63% of spending. $16,116 of its net assets are donor-restricted.
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
Love City Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works