Lake Norman Tennis Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 100,379 | 150,218 | −49,839 | 10.0 | — |
| 2021 | 232,138 | 202,971 | 29,167 | 9.1 | 0% |
| 2022 | 253,854 | 244,503 | 9,351 | 8.0 | 0% |
In its most recent public year (2022), this organization brought in $9,351 more than it spent. Its reserves stood at about 8 months of spending, down from 10 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 2022. 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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