Gaston Area Lutheran Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 1,524,365 | 1,447,126 | 77,239 | 0.0 | 48% |
| 2014 | 1,117,752 | 1,262,949 | −145,197 | -1.4 | 45% |
| 2015 | 1,500,797 | 1,560,219 | −59,422 | -1.6 | 47% |
| 2016 | 231,082 | 283,300 | −52,218 | -10.8 | 46% |
| 2017 | 52,086 | 415 | 51,671 | -5907.1 | 0% |
| 2018 | 63,606 | 175 | 63,431 | -9656.9 | 0% |
| 2019 | 1,041,886 | 1,061,145 | −19,259 | -1.8 | 44% |
| 2020 | 1,228,130 | 1,261,440 | −33,310 | -1.8 | 46% |
| 2021 | 1,648,718 | 1,397,672 | 251,046 | 0.5 | 39% |
| 2022 | 243,349 | 641,128 | −397,779 | -6.4 | 32% |
| 2023 | 628,731 | 730,010 | −101,279 | -7.3 | 48% |
In its most recent public year (2023), this organization spent $101,279 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.3 months), down from 0 in 2013. Staff pay was 48% 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
Gaston Area Lutheran Foundation 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