Pan Am 103-Lockerbie Legacy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 170,989 | 746,570 | −575,581 | -10.6 | — |
| 2021 | 228,145 | 449,724 | −221,579 | -8.7 | 36% |
| 2022 | 379,790 | 812,077 | −432,287 | -11.2 | 45% |
| 2023 | 315,929 | 992,272 | −676,343 | -17.3 | 35% |
In its most recent public year (2023), this organization spent $676,343 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-17.3 months), down from -10.6 in 2020. Staff pay was 35% 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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