Southwest Lending Closet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 58,401 | 47,959 | 10,442 | 29.3 | — |
| 2014 | 91,102 | 42,162 | 48,940 | 47.3 | — |
| 2015 | 112,017 | 46,531 | 65,486 | 59.7 | — |
| 2016 | 78,454 | 55,581 | 22,873 | 54.7 | — |
| 2017 | 71,123 | 52,057 | 19,066 | 34.2 | — |
| 2018 | 101,337 | 59,855 | 41,482 | 38.1 | — |
| 2019 | 102,847 | 84,968 | 17,879 | 29.4 | — |
| 2020 | 143,345 | 97,363 | 45,982 | 31.3 | — |
| 2021 | 149,456 | 144,281 | 5,175 | 18.1 | — |
| 2022 | 143,640 | 56,766 | 86,874 | 124.9 | 0% |
| 2023 | 123,359 | 67,296 | 56,063 | 235.4 | 0% |
In its most recent public year (2023), this organization brought in $56,063 more than it spent. Its reserves stood at about 235.4 months of spending, up from 29.3 in 2013. Staff pay was 0% of spending. $543,769 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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