L I F E Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 95,982 | 96,203 | −221 | 0.0 | — |
| 2018 | 364,439 | 343,092 | 21,347 | 0.7 | 0% |
| 2019 | 303,670 | 453,854 | −150,184 | 3.9 | 34% |
| 2020 | 826,991 | 828,565 | −1,574 | 2.1 | 8% |
| 2021 | 356,742 | 303,925 | 52,817 | 8.9 | 14% |
| 2022 | 83,656 | 83,273 | 383 | 32.5 | 18% |
In its most recent public year (2022), this organization brought in $383 more than it spent. Its reserves stood at about 32.5 months of spending, up from 0 in 2017. Staff pay was 18% 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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