Luv Michael Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 550,000 | 6,687 | 543,313 | 975.0 | 0% |
| 2020 | 54,679 | 341,034 | −286,355 | 9.0 | 0% |
| 2021 | 520,543 | 581,212 | −60,669 | 2.8 | 0% |
| 2022 | 718,489 | 893,683 | −175,194 | 1.3 | 0% |
| 2023 | 3,849,879 | 1,254,380 | 2,595,499 | 25.5 | 0% |
In its most recent public year (2023), this organization brought in $2,595,499 more than it spent. Its reserves stood at about 25.5 months of spending, down from 975 in 2019. 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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