Newfound Lake Region Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 510,778 | 369,883 | 140,895 | 43.9 | 66% |
| 2021 | 500,481 | 350,325 | 150,156 | 55.7 | 62% |
| 2022 | 246,678 | 94,396 | 152,282 | 245.6 | 57% |
| 2023 | 1,797,194 | 453,117 | 1,344,077 | 91.9 | 52% |
In its most recent public year (2023), this organization brought in $1,344,077 more than it spent. Its reserves stood at about 91.9 months of spending, up from 43.9 in 2020. Staff pay was 52% of spending. $735,997 of its net assets are donor-restricted.
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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