Luther Towers Iv Of Dover Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 259,881 | 315,762 | −55,881 | 84.5 | 27% |
| 2013 | 261,236 | 314,930 | −53,694 | 82.7 | 27% |
| 2014 | 252,591 | 299,152 | −46,561 | 85.2 | 29% |
| 2015 | 253,317 | 321,023 | −67,706 | 76.8 | 27% |
| 2016 | 257,540 | 328,101 | −70,561 | 72.6 | 26% |
| 2017 | 255,877 | 329,513 | −73,636 | 69.6 | 26% |
| 2018 | 271,662 | 342,024 | −70,362 | 64.6 | 27% |
| 2019 | 281,382 | 345,552 | −64,170 | 61.7 | 29% |
| 2020 | 272,518 | 356,689 | −84,171 | 56.9 | 30% |
| 2021 | 298,989 | 367,007 | −68,018 | 53.1 | 31% |
| 2022 | 312,509 | 376,130 | −63,621 | 49.8 | 30% |
| 2023 | 319,405 | 397,031 | −77,626 | 44.8 | 30% |
| 2024 | 389,939 | 438,619 | −48,680 | 39.2 | 30% |
In its most recent public year (2024), this organization spent $48,680 more than it brought in. Its reserves stood at about 39.2 months of spending, down from 84.5 in 2012. Staff pay was 30% 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 2024. 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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