Lake Erie College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 37,642,519 | 36,977,967 | 664,552 | 14.1 | 24% |
| 2012 | 38,561,488 | 38,100,398 | 461,090 | 13.7 | 25% |
| 2013 | 36,255,767 | 37,918,684 | −1,662,917 | 13.9 | 23% |
| 2014 | 34,310,591 | 37,050,546 | −2,739,955 | 14.2 | 23% |
| 2015 | 32,706,755 | 36,129,788 | −3,423,033 | 13.3 | 23% |
| 2016 | 34,246,691 | 35,148,494 | −901,803 | 13.0 | 24% |
| 2017 | 33,833,503 | 34,752,869 | −919,366 | 13.9 | 24% |
| 2018 | 35,775,706 | 34,831,883 | 943,823 | 14.6 | 25% |
| 2019 | 34,181,394 | 34,926,452 | −745,058 | 13.9 | 26% |
| 2020 | 36,627,157 | 37,068,103 | −440,946 | 12.7 | 25% |
| 2021 | 39,379,084 | 37,745,583 | 1,633,501 | 15.0 | 25% |
| 2022 | 38,779,550 | 38,894,094 | −114,544 | 12.4 | 25% |
| 2023 | 35,045,646 | 40,639,255 | −5,593,609 | 10.5 | 25% |
In its most recent public year (2023), this organization spent $5,593,609 more than it brought in. Its reserves stood at about 10.5 months of spending, down from 14.1 in 2011. Staff pay was 25% of spending. $40,156,712 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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