Lake City Healthcare Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 59,428 | 110,547 | −51,119 | -11.7 | 0% |
| 2022 | 59,424 | 105,234 | −45,810 | -16.9 | 0% |
| 2023 | 315,967 | 38,532 | 277,435 | 38.8 | 0% |
In its most recent public year (2023), this organization brought in $277,435 more than it spent. Its reserves stood at about 38.8 months of spending, up from -11.7 in 2021. Staff pay was 0% 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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