Louisiana Mid-Continent Oil And Gas Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,439,698 | 1,928,882 | 510,816 | 16.0 | 48% |
| 2021 | 2,634,958 | 2,507,476 | 127,482 | 12.9 | 37% |
| 2022 | 2,483,667 | 2,384,563 | 99,104 | 13.7 | 32% |
| 2023 | 2,815,027 | 2,865,545 | −50,518 | 11.4 | 30% |
In its most recent public year (2023), this organization spent $50,518 more than it brought in. Its reserves stood at about 11.4 months of spending, down from 16 in 2020. Staff pay was 30% of spending. $12,882 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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