Lovesmart Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 500 | 0 | 500 | — | — |
| 2021 | 5,000 | 0 | 5,000 | — | — |
| 2022 | 4,303 | 6,125 | −1,822 | 7.2 | — |
| 2023 | 27,983 | 21,601 | 6,382 | 5.6 | — |
In its most recent public year (2023), this organization brought in $6,382 more than it spent. Its reserves stood at about 5.6 months 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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