Lifeboat Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 16,271 | 8,101 | 8,170 | 12.1 | — |
| 2019 | 23,326 | 23,179 | 147 | 4.3 | — |
| 2021 | 279,406 | 128,370 | 151,036 | 18.3 | 24% |
| 2022 | 362,365 | 352,305 | 10,060 | 7.0 | 45% |
| 2023 | 453,009 | 496,296 | −43,287 | 3.9 | 43% |
In its most recent public year (2023), this organization spent $43,287 more than it brought in. Its reserves stood at about 3.9 months of spending, down from 12.1 in 2018. Staff pay was 43% of spending. $54,929 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
Lifeboat Services's IRS filings as a feed — one entry per filing year, through 2023. 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