Lives Of Purpose Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 274,060 | 20,689 | 253,371 | 168.4 | 0% |
| 2022 | 123,482 | 70,183 | 53,299 | 67.6 | 0% |
| 2023 | 249,925 | 266,595 | −16,670 | 17.4 | 40% |
In its most recent public year (2023), this organization spent $16,670 more than it brought in. Its reserves stood at about 17.4 months of spending, down from 168.4 in 2021. Staff pay was 40% of spending. $15,823 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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