Lake Country Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,818,030 | 3,779,717 | 38,313 | 10.8 | 58% |
| 2021 | 3,795,862 | 3,862,501 | −66,639 | 10.3 | 62% |
| 2022 | 3,715,617 | 3,661,686 | 53,931 | 11.1 | 64% |
| 2023 | 3,884,154 | 3,916,837 | −32,683 | 10.2 | 66% |
In its most recent public year (2023), this organization spent $32,683 more than it brought in. Its reserves stood at about 10.2 months of spending. Staff pay was 66% of spending. $65,858 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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