Phap Lac Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 86,631 | 88,481 | −1,850 | 1.4 | — |
| 2021 | 53,176 | 57,674 | −4,498 | 1.1 | — |
| 2022 | 105,647 | 78,646 | 27,001 | 5.0 | — |
| 2023 | 86,563 | 102,312 | −15,749 | 2.0 | — |
In its most recent public year (2023), this organization spent $15,749 more than it brought in. Its reserves stood at about 2 months 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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