Lake Superior Community Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 79,921 | 72,652 | 7,269 | 9.5 | — |
| 2012 | 224,825 | 38,915 | 185,910 | 75.2 | 6% |
| 2013 | 771,980 | 65,812 | 706,168 | 173.6 | 3% |
| 2014 | 197,692 | 107,435 | 90,257 | 120.2 | 3% |
| 2015 | 313,075 | 130,273 | 182,802 | 110.4 | 39% |
| 2016 | 82,059 | 187,199 | −105,140 | 70.1 | 59% |
| 2017 | 858,759 | 318,787 | 539,972 | 61.5 | 46% |
| 2018 | 346,055 | 823,840 | −477,785 | 16.8 | 20% |
| 2019 | 313,441 | 344,452 | −31,011 | 39.2 | 52% |
| 2020 | 342,139 | 317,062 | 25,077 | 44.8 | 55% |
| 2021 | 1,157,658 | 512,624 | 645,034 | 42.8 | 35% |
| 2022 | 677,815 | 301,653 | 376,162 | 87.7 | 63% |
| 2023 | 1,203,052 | 332,711 | 870,341 | 110.7 | 61% |
In its most recent public year (2023), this organization brought in $870,341 more than it spent. Its reserves stood at about 110.7 months of spending, up from 9.5 in 2011. Staff pay was 61% 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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