Life Raft Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,030,922 | 1,996,675 | 34,247 | 19.2 | 64% |
| 2021 | 1,973,515 | 1,984,660 | −11,145 | 19.2 | 64% |
| 2022 | 1,396,538 | 1,918,096 | −521,558 | 16.6 | 65% |
| 2023 | 1,861,966 | 1,712,287 | 149,679 | 20.7 | 63% |
In its most recent public year (2023), this organization brought in $149,679 more than it spent. Its reserves stood at about 20.7 months of spending, up from 19.2 in 2020. Staff pay was 63% of spending. $563,706 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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