Lovers Lane United Methodist Churchfoundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,566,662 | 719,467 | 847,195 | 310.7 | 19% |
| 2021 | 2,897,357 | 887,926 | 2,009,431 | 293.9 | 16% |
| 2022 | 836,601 | 1,025,385 | −188,784 | 217.1 | 17% |
| 2023 | 883,468 | 1,380,190 | −496,722 | 168.8 | 15% |
In its most recent public year (2023), this organization spent $496,722 more than it brought in. Its reserves stood at about 168.8 months of spending, down from 310.7 in 2020. Staff pay was 15% of spending. $15,032,380 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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