Lakes Area Food Shelf Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 383,356 | 194,242 | 189,114 | 29.6 | 12% |
| 2021 | 374,159 | 232,756 | 141,403 | 32.0 | 6% |
| 2022 | 614,518 | 362,236 | 252,282 | 28.9 | 8% |
| 2023 | 967,147 | 520,124 | 447,023 | 30.2 | 10% |
In its most recent public year (2023), this organization brought in $447,023 more than it spent. Its reserves stood at about 30.2 months of spending. Staff pay was 10% 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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