Phil Royal Legacyinc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 52,616 | 36,771 | 15,845 | 5.2 | — |
| 2017 | 87,298 | 48,078 | 39,220 | 13.7 | — |
| 2018 | 37,357 | 49,606 | −12,249 | 10.4 | — |
| 2019 | 58,160 | 48,017 | 10,143 | 13.2 | — |
| 2020 | 84,120 | 29,237 | 54,883 | 44.3 | — |
| 2021 | 142,833 | 121,995 | 20,838 | 12.7 | 0% |
| 2022 | 179,852 | 376,308 | −196,456 | -2.2 | 0% |
In its most recent public year (2022), this organization spent $196,456 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.2 months), down from 5.2 in 2016. Staff pay was 0% 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
Phil Royal Legacyinc's IRS filings as a feed — one entry per filing year, through 2022. 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