Lakes Region Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 657,889 | 653,605 | 4,284 | 0.7 | 30% |
| 2021 | 514,601 | 489,654 | 24,947 | 1.5 | 30% |
| 2022 | 618,094 | 545,460 | 72,634 | 3.0 | 26% |
| 2023 | 666,800 | 647,564 | 19,236 | 2.8 | 24% |
In its most recent public year (2023), this organization brought in $19,236 more than it spent. Its reserves stood at about 2.8 months of spending, up from 0.7 in 2020. 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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