Lakes International Language Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,877,012 | 4,760,012 | 117,000 | 6.0 | 46% |
| 2012 | 5,251,081 | 5,046,460 | 204,621 | 6.2 | 49% |
| 2013 | 5,722,188 | 5,548,630 | 173,558 | 6.0 | 47% |
| 2014 | 6,101,778 | 6,356,789 | −255,011 | 4.7 | 50% |
| 2015 | 7,008,511 | 7,014,767 | −6,256 | -1.4 | 48% |
| 2016 | 8,685,154 | 8,603,481 | 81,673 | -1.1 | 48% |
| 2017 | 10,306,404 | 9,796,303 | 510,101 | -2.8 | 52% |
| 2018 | 11,467,634 | 10,898,184 | 569,450 | -4.6 | 51% |
| 2019 | 12,569,360 | 12,128,250 | 441,110 | -2.1 | 53% |
| 2020 | 15,192,241 | 14,118,961 | 1,073,280 | -1.8 | 54% |
| 2021 | 15,744,589 | 15,973,085 | −228,496 | -2.3 | 53% |
| 2022 | 17,574,627 | 17,496,216 | 78,411 | -2.0 | 55% |
| 2023 | 18,352,789 | 17,654,729 | 698,060 | -1.4 | 57% |
In its most recent public year (2023), this organization brought in $698,060 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.4 months), down from 6 in 2011. Staff pay was 57% 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
Lakes International Language Academy'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