Sound Mind Live Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 240,817 | 156,819 | 83,998 | 7.5 | 0% |
| 2021 | 544,595 | 465,073 | 79,522 | 4.6 | 22% |
| 2022 | 802,272 | 891,870 | −89,598 | 1.2 | 30% |
| 2023 | 710,608 | 897,059 | −186,451 | -1.3 | 34% |
In its most recent public year (2023), this organization spent $186,451 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 7.5 in 2020. Staff pay was 34% 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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