Life Changers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 366,838 | 316,330 | 50,508 | 50.5 | 52% |
| 2021 | 729,153 | 354,355 | 374,798 | 58.1 | 50% |
| 2022 | 454,659 | 296,261 | 158,398 | 74.5 | 62% |
| 2023 | 324,654 | 319,492 | 5,162 | 69.1 | 56% |
In its most recent public year (2023), this organization brought in $5,162 more than it spent. Its reserves stood at about 69.1 months of spending, up from 50.5 in 2020. Staff pay was 56% of spending. $6,227 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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