Lake Forest Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,321,535 | 21,859,714 | 5,461,821 | 19.6 | 27% |
| 2012 | 28,468,980 | 22,526,574 | 5,942,406 | 20.8 | 28% |
| 2013 | 27,830,853 | 23,852,749 | 3,978,104 | 22.3 | 27% |
| 2014 | 27,765,887 | 25,144,391 | 2,621,496 | 23.6 | 26% |
| 2015 | 29,071,381 | 26,150,558 | 2,920,823 | 24.4 | 27% |
| 2016 | 30,515,180 | 27,150,713 | 3,364,467 | 24.7 | 27% |
| 2017 | 29,558,376 | 28,670,921 | 887,455 | 24.8 | 28% |
| 2018 | 32,634,290 | 29,841,001 | 2,793,289 | 25.3 | 28% |
| 2019 | 33,524,172 | 32,173,658 | 1,350,514 | 24.1 | 28% |
| 2020 | 32,353,505 | 31,472,310 | 881,195 | 24.2 | 32% |
| 2021 | 32,908,168 | 32,989,432 | −81,264 | 28.0 | 30% |
| 2022 | 34,795,522 | 34,110,717 | 684,805 | 26.5 | 32% |
| 2023 | 36,433,338 | 34,713,082 | 1,720,256 | 27.8 | 30% |
In its most recent public year (2023), this organization brought in $1,720,256 more than it spent. Its reserves stood at about 27.8 months of spending, up from 19.6 in 2011. Staff pay was 30% of spending. $30,787,000 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
Lake Forest Academy's IRS filings as a feed — one entry per filing year, through 2023. 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