Lake Superior Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,359,528 | 2,485,125 | −125,597 | 0.4 | 46% |
| 2021 | 3,675,136 | 2,816,849 | 858,287 | 4.0 | 42% |
| 2022 | 3,487,177 | 3,561,451 | −74,274 | 2.9 | 41% |
| 2023 | 3,681,433 | 3,640,872 | 40,561 | 3.1 | 45% |
In its most recent public year (2023), this organization brought in $40,561 more than it spent. Its reserves stood at about 3.1 months of spending, up from 0.4 in 2020. Staff pay was 45% 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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