Life Concepts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 31,220,483 | 31,052,265 | 168,218 | 5.2 | 59% |
| 2021 | 26,568,829 | 23,877,172 | 2,691,657 | 8.3 | 58% |
| 2022 | 29,913,454 | 25,833,404 | 4,080,050 | 9.3 | 61% |
| 2023 | 33,387,567 | 29,981,326 | 3,406,241 | 9.5 | 60% |
In its most recent public year (2023), this organization brought in $3,406,241 more than it spent. Its reserves stood at about 9.5 months of spending, up from 5.2 in 2020. Staff pay was 60% of spending. $390,772 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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