Friends Of The Lakeville Area Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 31,263 | 21,427 | 9,836 | 32.4 | — |
| 2021 | 49,928 | 17,936 | 31,992 | 60.2 | — |
| 2022 | 42,077 | 49,224 | −7,147 | 20.2 | — |
| 2023 | 39,264 | 40,238 | −974 | 24.4 | — |
In its most recent public year (2023), this organization spent $974 more than it brought in. Its reserves stood at about 24.4 months of spending, down from 32.4 in 2020.
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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