Lanesboro Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 36,101 | 56,418 | −20,317 | -11.4 | 8% |
| 2013 | 36,012 | 54,024 | −18,012 | -15.9 | 4% |
| 2014 | 36,010 | 57,985 | −21,975 | -19.3 | 4% |
| 2015 | 40,258 | 58,402 | −18,144 | -22.9 | 2% |
| 2016 | 42,249 | 55,632 | −13,383 | -26.9 | 1% |
| 2017 | 42,294 | 54,159 | −11,865 | -30.3 | 3% |
| 2018 | 42,276 | 56,643 | −14,367 | -32.0 | 1% |
| 2019 | 42,285 | 57,367 | −15,082 | -34.8 | 2% |
| 2020 | 42,277 | 54,904 | −12,627 | -39.1 | 4% |
| 2021 | 42,170 | 57,923 | −15,753 | -40.3 | 7% |
| 2022 | 49,370 | 61,209 | −11,839 | -40.5 | 7% |
| 2023 | 47,431 | 67,581 | −20,150 | -40.2 | 7% |
| 2024 | 57,698 | 68,048 | −10,350 | -41.8 | 7% |
In its most recent public year (2024), this organization spent $10,350 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-41.8 months), down from -11.4 in 2012. Staff pay was 7% 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 2024. 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
Lanesboro Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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