Guiding Light Foster Care & Adoption
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 0 | 1,705 | −1,705 | -12.0 | — |
| 2022 | 349,082 | 317,961 | 31,121 | 1.1 | 33% |
| 2023 | 1,430,505 | 1,194,647 | 235,858 | 2.7 | 25% |
In its most recent public year (2023), this organization brought in $235,858 more than it spent. Its reserves stood at about 2.7 months of spending, up from -12 in 2021. Staff pay was 25% 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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