N-Lorem Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 4,122,962 | 65,165 | 4,057,797 | 747.2 | 22% |
| 2020 | 5,284,720 | 395,655 | 4,889,065 | 267.8 | 44% |
| 2021 | 2,993,351 | 1,622,366 | 1,370,985 | 74.6 | 30% |
| 2022 | 17,644,122 | 8,953,463 | 8,690,659 | 25.2 | 20% |
| 2023 | 6,864,176 | 14,216,401 | −7,352,225 | 9.6 | 34% |
In its most recent public year (2023), this organization spent $7,352,225 more than it brought in. Its reserves stood at about 9.6 months of spending, down from 747.2 in 2019. Staff pay was 34% of spending. $4,792,623 of its net assets are donor-restricted.
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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