Lake Gogebic Senior Citzens Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 184,971 | 176,905 | 8,066 | 14.1 | 70% |
| 2012 | 185,980 | 174,840 | 11,140 | 15.0 | 73% |
| 2013 | 193,141 | 174,811 | 18,330 | 16.3 | 76% |
| 2014 | 198,423 | 180,219 | 18,204 | 17.0 | 77% |
| 2015 | 228,290 | 207,687 | 20,603 | 15.9 | 74% |
| 2016 | 234,935 | 215,860 | 19,075 | 16.4 | 75% |
| 2017 | 246,366 | 233,083 | 13,283 | 15.9 | 78% |
| 2018 | 244,036 | 226,025 | 18,011 | 17.3 | 78% |
| 2019 | 242,996 | 238,946 | 4,050 | 16.6 | 79% |
| 2020 | 283,446 | 221,902 | 61,544 | 21.2 | 80% |
| 2021 | 314,533 | 249,060 | 65,473 | 22.0 | 79% |
| 2022 | 395,439 | 276,664 | 118,775 | 25.0 | 82% |
| 2023 | 370,811 | 305,958 | 64,853 | 25.1 | 82% |
In its most recent public year (2023), this organization brought in $64,853 more than it spent. Its reserves stood at about 25.1 months of spending, up from 14.1 in 2011. Staff pay was 82% 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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