Palos Verdes On The Net
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 167,722 | 235,913 | −68,191 | -14.7 | 0% |
| 2021 | 136,862 | 214,665 | −77,803 | -20.5 | 0% |
| 2022 | 130,508 | 205,561 | −75,053 | -25.7 | 0% |
| 2023 | 169,669 | 205,870 | −36,201 | -27.8 | 0% |
In its most recent public year (2023), this organization spent $36,201 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-27.8 months), down from -14.7 in 2020. Staff pay was 0% 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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