Local Initiative For Transformation - Wc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 48,833 | 38,406 | 10,427 | 15.7 | — |
| 2020 | 4,375 | 9,052 | −4,677 | 60.5 | — |
| 2021 | 41,482 | 38,080 | 3,402 | 15.5 | — |
| 2022 | 79,787 | 43,869 | 35,918 | 23.2 | — |
| 2023 | 109,417 | 127,975 | −18,558 | 6.2 | — |
In its most recent public year (2023), this organization spent $18,558 more than it brought in. Its reserves stood at about 6.2 months of spending, down from 15.7 in 2019.
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
Local Initiative For Transformation - Wc Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works