Lewistown Area Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 959,128 | 891,225 | 67,903 | -17.9 | 13% |
| 2022 | 1,114,118 | 856,659 | 257,459 | -12.2 | 14% |
| 2023 | 1,118,640 | 924,623 | 194,017 | -8.8 | 13% |
In its most recent public year (2023), this organization brought in $194,017 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.8 months), up from -17.9 in 2020. Staff pay was 13% 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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