Lakestate Industries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,051,056 | 2,002,470 | 48,586 | 2.3 | 77% |
| 2012 | 2,205,568 | 2,073,501 | 132,067 | 3.0 | 78% |
| 2013 | 2,272,554 | 2,207,946 | 64,608 | 3.2 | 77% |
| 2016 | 2,345,268 | 2,239,518 | 105,750 | 3.7 | 75% |
| 2017 | 2,493,549 | 2,428,862 | 64,687 | 3.7 | 75% |
| 2018 | 2,387,181 | 2,426,686 | −39,505 | 3.5 | 75% |
| 2019 | 2,643,311 | 2,221,789 | 421,522 | 6.3 | 74% |
| 2020 | 2,633,712 | 2,198,426 | 435,286 | 8.8 | 76% |
| 2021 | 2,888,223 | 2,623,197 | 265,026 | 8.5 | 75% |
| 2022 | 2,752,479 | 2,755,543 | −3,064 | 7.6 | 76% |
| 2023 | 2,933,679 | 2,767,929 | 165,750 | 8.8 | 76% |
In its most recent public year (2023), this organization brought in $165,750 more than it spent. Its reserves stood at about 8.8 months of spending, up from 2.3 in 2011. Staff pay was 76% of spending. $117,578 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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