New Light Community Resource Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 148,040 | 101,819 | 46,221 | 0.0 | — |
| 2020 | 96,226 | 195,530 | −99,304 | -6.1 | — |
| 2021 | 245,700 | 173,424 | 72,276 | -4.7 | 21% |
| 2022 | 368,056 | 329,627 | 38,429 | -1.1 | 11% |
In its most recent public year (2022), this organization brought in $38,429 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.1 months), down from 0 in 2019. Staff pay was 11% 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 2022. 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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