Lutheran Haven
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,723,035 | 15,283,301 | 1,439,734 | 12.4 | 46% |
| 2021 | 14,795,966 | 15,311,093 | −515,127 | 13.1 | 45% |
| 2022 | 10,072,809 | 12,756,024 | −2,683,215 | 11.8 | 33% |
| 2023 | 11,605,149 | 12,021,189 | −416,040 | 12.7 | 40% |
In its most recent public year (2023), this organization spent $416,040 more than it brought in. Its reserves stood at about 12.7 months of spending. Staff pay was 40% of spending. $6,303,480 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
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