Multi-Faith Retirement Services Live Oak Retirement Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,817,982 | 11,817,913 | 1,000,069 | 13.0 | 43% |
| 2021 | 10,872,483 | 12,006,852 | −1,134,369 | 11.7 | 40% |
| 2022 | 10,423,338 | 12,305,329 | −1,881,991 | 9.6 | 38% |
| 2023 | 10,591,835 | 12,994,606 | −2,402,771 | 6.8 | 41% |
In its most recent public year (2023), this organization spent $2,402,771 more than it brought in. Its reserves stood at about 6.8 months of spending, down from 13 in 2020. Staff pay was 41% 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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