Lutheran Church Of The Good Shepherd Of Duluth Endowment Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 94,718 | 58,259 | 36,459 | 344.1 | 0% |
| 2021 | 117,742 | 69,549 | 48,193 | 305.6 | 0% |
| 2022 | 63,073 | 68,071 | −4,998 | 256.7 | 0% |
| 2023 | 89,777 | 72,332 | 17,445 | 259.6 | 0% |
In its most recent public year (2023), this organization brought in $17,445 more than it spent. Its reserves stood at about 259.6 months of spending, down from 344.1 in 2020. Staff pay was 0% 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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