Lake Area Shared Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 137,566 | 79,691 | 57,875 | 16.5 | — |
| 2021 | 103,358 | 106,208 | −2,850 | 12.1 | — |
| 2022 | 114,708 | 74,178 | 40,530 | 23.8 | — |
| 2023 | 191,646 | 195,971 | −4,325 | 8.8 | — |
In its most recent public year (2023), this organization spent $4,325 more than it brought in. Its reserves stood at about 8.8 months of spending, down from 16.5 in 2020.
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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