Lee Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 80,294 | 71,723 | 8,571 | 1.4 | — |
| 2019 | 109,861 | 108,818 | 1,043 | 4.3 | — |
| 2020 | 6,114,008 | 5,380,112 | 733,896 | 1.7 | 4% |
| 2021 | 4,039,877 | 3,201,711 | 838,166 | 5.8 | 14% |
| 2022 | 2,705,892 | 2,746,667 | −40,775 | 6.6 | 16% |
| 2023 | 1,414,928 | 1,999,249 | −584,321 | 5.6 | 19% |
In its most recent public year (2023), this organization spent $584,321 more than it brought in. Its reserves stood at about 5.6 months of spending, up from 1.4 in 2018. Staff pay was 19% of spending. $1,053,591 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
Lee Initiative Inc'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