Lawrence County Economic Growth Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 779,264 | 989,366 | −210,102 | 6.8 | 18% |
| 2021 | 352,903 | 436,946 | −84,043 | 13.2 | 60% |
| 2022 | 442,296 | 458,290 | −15,994 | 12.6 | 50% |
| 2023 | 471,025 | 492,357 | −21,332 | 11.0 | 48% |
In its most recent public year (2023), this organization spent $21,332 more than it brought in. Its reserves stood at about 11 months of spending, up from 6.8 in 2020. Staff pay was 48% of spending. $153,228 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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