Lakes Area Senior Activity Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 365,564 | 384,077 | −18,513 | 36.0 | 35% |
| 2022 | 403,122 | 410,072 | −6,950 | 38.7 | 32% |
| 2023 | 380,466 | 389,676 | −9,210 | 40.5 | 33% |
In its most recent public year (2023), this organization spent $9,210 more than it brought in. Its reserves stood at about 40.5 months of spending, up from 36 in 2020. Staff pay was 33% of spending.
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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