Gem Legacy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 122,504 | 65,346 | 57,158 | 16.9 | — |
| 2022 | 101,435 | 93,330 | 8,105 | 26.9 | — |
| 2023 | 173,897 | 91,163 | 82,734 | 38.4 | — |
In its most recent public year (2023), this organization brought in $82,734 more than it spent. Its reserves stood at about 38.4 months of spending, up from 16.9 in 2020.
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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