Lomas & Saum Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 356,360 | 98,003 | 258,357 | 32.8 | 0% |
| 2022 | 98,708 | 108,553 | −9,845 | 28.5 | — |
| 2023 | 122,937 | 134,696 | −11,759 | 21.9 | — |
In its most recent public year (2023), this organization spent $11,759 more than it brought in. Its reserves stood at about 21.9 months of spending, down from 32.8 in 2021.
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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