L40 Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 64,159 | 46,295 | 17,864 | 5.1 | 19% |
| 2022 | 51,925 | 101,793 | −49,868 | 0.1 | — |
| 2023 | 56,628 | 50,125 | 6,503 | 1.6 | 21% |
In its most recent public year (2023), this organization brought in $6,503 more than it spent. Its reserves stood at about 1.6 months of spending, down from 5.1 in 2021. Staff pay was 21% 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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