Locks Of Love Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,425,154 | 1,365,860 | 59,294 | 52.7 | 23% |
| 2012 | 1,633,035 | 1,254,510 | 378,525 | 61.0 | 25% |
| 2013 | 1,192,347 | 1,237,951 | −45,604 | 62.2 | 19% |
| 2014 | 1,573,268 | 1,394,060 | 179,208 | 57.4 | 17% |
| 2015 | 1,155,671 | 1,389,468 | −233,797 | 54.7 | 17% |
| 2016 | 756,687 | 1,294,792 | −538,105 | 54.6 | 18% |
| 2017 | 748,543 | 765,466 | −16,923 | 96.3 | 27% |
| 2018 | 513,103 | 724,897 | −211,794 | 100.0 | 28% |
| 2019 | 640,360 | 760,864 | −120,504 | 97.2 | 25% |
| 2020 | 512,614 | 643,698 | −131,084 | 117.0 | 35% |
| 2021 | 946,273 | 647,975 | 298,298 | 132.4 | 34% |
| 2022 | 607,539 | 593,586 | 13,953 | 144.8 | 41% |
| 2023 | 845,917 | 704,419 | 141,498 | 124.4 | 33% |
In its most recent public year (2023), this organization brought in $141,498 more than it spent. Its reserves stood at about 124.4 months of spending, up from 52.7 in 2011. Staff pay was 33% 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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