Lake Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 505,227 | 522,928 | −17,701 | -8.8 | 12% |
| 2012 | 525,280 | 538,009 | −12,729 | -8.9 | 12% |
| 2013 | 526,102 | 510,031 | 16,071 | -9.0 | 14% |
| 2014 | 571,455 | 553,930 | 17,525 | -7.9 | 14% |
| 2015 | 598,544 | 556,576 | 41,968 | -7.0 | 17% |
| 2016 | 536,647 | 527,274 | 9,373 | -7.1 | 24% |
| 2017 | 543,371 | 525,538 | 17,833 | -6.7 | 25% |
| 2018 | 536,001 | 556,451 | −20,450 | -6.8 | 22% |
| 2019 | 515,833 | 600,434 | −84,601 | -8.0 | 22% |
| 2020 | 530,988 | 567,149 | −36,161 | -9.2 | 26% |
| 2021 | 526,387 | 577,208 | −50,821 | -10.1 | 23% |
| 2022 | 606,368 | 568,823 | 37,545 | -9.5 | 26% |
| 2023 | 1,415,045 | 262,543 | 1,152,502 | 32.1 | 24% |
In its most recent public year (2023), this organization brought in $1,152,502 more than it spent. Its reserves stood at about 32.1 months of spending, up from -8.8 in 2011. Staff pay was 24% 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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