New Life Thrift Store Ltd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 86,046 | 91,063 | −5,017 | -3.3 | — |
| 2021 | 129,080 | 126,613 | 2,467 | -2.2 | — |
| 2022 | 121,143 | 124,789 | −3,646 | -2.6 | — |
| 2023 | 122,321 | 129,092 | −6,771 | -3.1 | — |
In its most recent public year (2023), this organization spent $6,771 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.1 months).
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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