Lake Superior Bible Conference Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 234,675 | 225,480 | 9,195 | 73.2 | 37% |
| 2012 | 255,291 | 213,407 | 41,884 | 79.7 | 35% |
| 2013 | 250,583 | 246,698 | 3,885 | 69.1 | 39% |
| 2014 | 295,849 | 269,835 | 26,014 | 64.3 | 37% |
| 2015 | 291,981 | 270,257 | 21,724 | 65.2 | 35% |
| 2016 | 369,289 | 277,097 | 92,192 | 67.6 | 38% |
| 2017 | 343,627 | 280,651 | 62,976 | 69.4 | 39% |
| 2018 | 395,676 | 299,525 | 96,151 | 68.9 | 37% |
| 2019 | 729,010 | 315,135 | 413,875 | 81.2 | 37% |
| 2020 | 373,622 | 291,077 | 82,545 | 91.4 | 48% |
| 2021 | 507,841 | 343,466 | 164,375 | 0.0 | 47% |
| 2022 | 502,998 | 414,153 | 88,845 | 0.0 | 46% |
| 2023 | 541,339 | 555,052 | −13,713 | 0.0 | 37% |
In its most recent public year (2023), this organization spent $13,713 more than it brought in. Its reserves stood at about 0 months of spending, down from 73.2 in 2011. Staff pay was 37% of spending. $2,508,634 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
Lake Superior Bible Conference Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works