Pinnacle West Capital Corporation Life Insurance Benefits Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | −1,771,150 | 1,847,135 | −3,618,285 | 472.3 | 0% |
| 2021 | −272,627 | 1,667,593 | −1,940,220 | 546.6 | 0% |
| 2022 | 462,515,260 | 21,127,536 | 441,387,724 | 260.6 | 0% |
| 2023 | 2,847,291 | 175,733 | 2,671,558 | 4782.3 | 0% |
In its most recent public year (2023), this organization brought in $2,671,558 more than it spent. Its reserves stood at about 4782.3 months of spending, up from 472.3 in 2020. 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 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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