Lc Strong Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 1,319,432 | 442,336 | 877,096 | 23.8 | 44% |
| 2023 | 680,865 | 589,358 | 91,507 | 19.7 | 45% |
| 2024 | 1,012,976 | 763,452 | 249,524 | 19.1 | 42% |
In its most recent public year (2024), this organization brought in $249,524 more than it spent. Its reserves stood at about 19.1 months of spending, down from 23.8 in 2022. Staff pay was 42% of spending. $5,000 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 2024. 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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