The Lc Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 68,042 | 728,033 | −659,991 | 32.2 | 33% |
| 2012 | 46,303 | 739,230 | −692,927 | 20.5 | 11% |
| 2013 | 27,962 | 337,706 | −309,744 | 33.8 | 15% |
| 2014 | 29,236 | 238,582 | −209,346 | 37.3 | 30% |
| 2015 | 62,813 | 104,153 | −41,340 | 80.8 | 69% |
| 2016 | 75,235 | 102,338 | −27,103 | 79.0 | 71% |
| 2017 | 30,896 | 98,734 | −67,838 | 73.7 | 75% |
| 2018 | 30,896 | 98,734 | −67,838 | 73.7 | 75% |
| 2019 | 62,710 | 356,732 | −294,022 | 7.0 | 77% |
In its most recent public year (2019), this organization spent $294,022 more than it brought in. Its reserves stood at about 7 months of spending, down from 32.2 in 2011. Staff pay was 77% 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 2019. 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
The Lc Foundation Inc's IRS filings as a feed — one entry per filing year, through 2019. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works