Lake Park Friends Ltd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 422,816 | 222,432 | 200,384 | 34.2 | 8% |
| 2021 | 268,219 | 176,642 | 91,577 | 49.7 | 13% |
| 2022 | 323,107 | 228,878 | 94,229 | 41.3 | 11% |
| 2023 | 261,249 | 208,565 | 52,684 | 50.9 | 10% |
In its most recent public year (2023), this organization brought in $52,684 more than it spent. Its reserves stood at about 50.9 months of spending, up from 34.2 in 2020. Staff pay was 10% of spending. $514,243 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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