First Light Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 250,361 | 217,702 | 32,659 | 5.0 | 0% |
| 2021 | 205,962 | 121,445 | 84,517 | 17.2 | 0% |
| 2022 | 134,185 | 168,425 | −34,240 | 9.9 | — |
| 2023 | 245,573 | 179,062 | 66,511 | 13.8 | 0% |
In its most recent public year (2023), this organization brought in $66,511 more than it spent. Its reserves stood at about 13.8 months of spending, up from 5 in 2020. Staff pay was 0% 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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