Lake Mills Area Community Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 620,920 | 153,213 | 467,707 | 346.2 | 1% |
| 2021 | 705,547 | 226,919 | 478,628 | 256.4 | 2% |
| 2022 | 51,599 | 220,038 | −168,439 | 217.5 | 2% |
| 2023 | 478,457 | 201,031 | 277,426 | 279.4 | 3% |
In its most recent public year (2023), this organization brought in $277,426 more than it spent. Its reserves stood at about 279.4 months of spending, down from 346.2 in 2020. Staff pay was 3% of spending. $4,675,088 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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