Choose Love Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,450,300 | 5,828,684 | −378,384 | 2.6 | 0% |
| 2021 | 6,512,043 | 6,525,373 | −13,330 | 2.3 | 1% |
| 2022 | 15,602,395 | 15,643,531 | −41,136 | 0.9 | 1% |
| 2023 | 15,914,922 | 13,324,607 | 2,590,315 | 3.4 | 1% |
In its most recent public year (2023), this organization brought in $2,590,315 more than it spent. Its reserves stood at about 3.4 months of spending. Staff pay was 1% of spending. $711,235 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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