The Lake Placid Sinfonietta Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 254,129 | 156,598 | 97,531 | 91.0 | 49% |
| 2021 | 342,334 | 350,070 | −7,736 | 47.3 | 65% |
| 2022 | 373,888 | 382,343 | −8,455 | 33.8 | 61% |
| 2023 | 337,024 | 373,452 | −36,428 | 37.0 | 60% |
In its most recent public year (2023), this organization spent $36,428 more than it brought in. Its reserves stood at about 37 months of spending, down from 91 in 2020. Staff pay was 60% of spending. $721,972 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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