Lake Area Discovery Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 5,771,635 | 5,595,611 | 176,024 | 1.1 | 68% |
| 2020 | 5,364,317 | 5,760,796 | −396,479 | 0.3 | 69% |
| 2021 | 7,699,616 | 6,012,060 | 1,687,556 | 3.6 | 69% |
| 2022 | 10,607,874 | 8,756,885 | 1,850,989 | 5.0 | 68% |
| 2023 | 9,456,295 | 10,167,877 | −711,582 | 3.5 | 69% |
In its most recent public year (2023), this organization spent $711,582 more than it brought in. Its reserves stood at about 3.5 months of spending, up from 1.1 in 2019. Staff pay was 69% 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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