Friends Of Ludington St Park
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 70,502 | 86,534 | −16,032 | 3.6 | — |
| 2022 | 53,158 | 32,195 | 20,963 | 32.8 | — |
| 2023 | 71,291 | 47,743 | 23,548 | 28.1 | — |
In its most recent public year (2023), this organization brought in $23,548 more than it spent. Its reserves stood at about 28.1 months of spending, up from 3.6 in 2017.
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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