Great Lakes Bible College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,193,047 | 3,276,583 | −83,536 | 7.0 | 35% |
| 2022 | 3,739,090 | 4,009,893 | −270,803 | 4.4 | 35% |
| 2023 | 4,244,852 | 4,151,415 | 93,437 | 4.9 | 35% |
In its most recent public year (2023), this organization brought in $93,437 more than it spent. Its reserves stood at about 4.9 months of spending, down from 7 in 2021. Staff pay was 35% of spending. $1,520,010 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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