Iron Light Labs
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 916,061 | 913,957 | 2,104 | 0.0 | 0% |
| 2022 | 1,385,039 | 1,367,915 | 17,124 | 0.2 | 20% |
| 2023 | 1,745,053 | 1,851,020 | −105,967 | -0.6 | 5% |
In its most recent public year (2023), this organization spent $105,967 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.6 months). Staff pay was 5% of spending. $29,468 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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