Lorain Growth Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 66,800 | 72,774 | −5,974 | 5.9 | — |
| 2012 | 28,655 | 37,647 | −8,992 | 8.5 | — |
| 2013 | 32,839 | 34,257 | −1,418 | 7.7 | — |
| 2014 | 57,454 | 55,455 | 1,999 | 4.3 | — |
| 2015 | 64,533 | 68,413 | −3,880 | 2.8 | — |
| 2016 | 69,764 | 47,387 | 22,377 | 9.8 | — |
| 2017 | 66,792 | 61,416 | 5,376 | 8.6 | — |
| 2018 | 70,876 | 78,502 | −7,626 | 5.5 | — |
| 2019 | 97,186 | 106,792 | −9,606 | 3.0 | — |
| 2020 | 71,342 | 50,474 | 20,868 | 13.5 | — |
| 2021 | 100,770 | 106,472 | −5,702 | 6.2 | — |
| 2022 | 154,872 | 123,078 | 31,794 | 8.5 | — |
| 2023 | 139,761 | 159,750 | −19,989 | 5.0 | — |
In its most recent public year (2023), this organization spent $19,989 more than it brought in. Its reserves stood at about 5 months 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
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