Lake Gogebic Trails Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 106,490 | 190,413 | −83,923 | 17.3 | — |
| 2012 | 145,306 | 195,230 | −49,924 | 13.9 | — |
| 2013 | 365,256 | 179,725 | 185,531 | 27.4 | 28% |
| 2014 | 296,578 | 279,773 | 16,805 | 18.3 | 19% |
| 2015 | 143,215 | 220,112 | −76,897 | 19.1 | 24% |
| 2016 | 337,216 | 178,849 | 158,367 | 34.2 | 27% |
| 2017 | 82,616 | 222,760 | −140,144 | 19.9 | 16% |
| 2018 | 215,531 | 296,937 | −81,406 | 11.6 | 12% |
| 2019 | 218,731 | 205,566 | 13,165 | 17.6 | 22% |
| 2020 | 491,292 | 303,320 | 187,972 | 19.3 | 16% |
| 2021 | 371,586 | 319,425 | 52,161 | 20.3 | 15% |
| 2022 | 244,451 | 357,505 | −113,054 | 14.4 | 14% |
| 2023 | 217,868 | 379,299 | −161,431 | 8.4 | 13% |
In its most recent public year (2023), this organization spent $161,431 more than it brought in. Its reserves stood at about 8.4 months of spending, down from 17.3 in 2011. Staff pay was 13% 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
Lake Gogebic Trails 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