Lake George Opera Festival Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 887,480 | 863,727 | 23,753 | -4.6 | 33% |
| 2012 | 872,041 | 892,731 | −20,690 | -4.7 | 31% |
| 2013 | 829,261 | 783,336 | 45,925 | -4.7 | 33% |
| 2014 | 673,657 | 706,892 | −33,235 | -5.1 | 27% |
| 2015 | 1,297,116 | 1,203,819 | 93,297 | -2.1 | 17% |
| 2016 | 1,236,498 | 1,194,185 | 42,313 | -1.7 | 19% |
| 2017 | 1,374,820 | 1,338,438 | 36,382 | -1.1 | 18% |
| 2018 | 1,055,414 | 1,169,740 | −114,326 | -2.4 | 18% |
| 2019 | 1,215,186 | 1,140,985 | 74,201 | -1.7 | 20% |
| 2020 | 602,436 | 568,448 | 33,988 | -2.7 | 38% |
| 2021 | 1,192,996 | 937,191 | 255,805 | 1.7 | 25% |
| 2022 | 1,274,066 | 1,721,725 | −447,659 | -2.2 | 14% |
| 2023 | 867,287 | 970,664 | −103,377 | -5.2 | 25% |
In its most recent public year (2023), this organization spent $103,377 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.2 months). Staff pay was 25% of spending. $79,000 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
Lake George Opera Festival Association Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works