Higgins Lake Property Owners Assn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 75,876 | 68,581 | 7,295 | 11.8 | — |
| 2021 | 98,013 | 76,931 | 21,082 | 13.8 | — |
| 2022 | 93,885 | 96,210 | −2,325 | 10.8 | — |
| 2023 | 121,604 | 77,943 | 43,661 | 20.2 | — |
In its most recent public year (2023), this organization brought in $43,661 more than it spent. Its reserves stood at about 20.2 months of spending, up from 11.8 in 2020.
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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