Local Enterprise Assistance Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 557,177 | 109,682 | 447,495 | 91.2 | 0% |
| 2012 | 1,172,817 | 190,222 | 982,595 | 114.6 | 0% |
| 2013 | 204,212 | 176,844 | 27,368 | 125.1 | 0% |
| 2014 | 737,854 | 496,276 | 241,578 | 50.4 | 0% |
| 2015 | 612,612 | 488,439 | 124,173 | 54.3 | 0% |
| 2016 | 972,362 | 664,855 | 307,507 | 45.4 | 0% |
| 2017 | 1,034,710 | 821,950 | 212,760 | 39.9 | 41% |
| 2018 | 524,438 | 875,125 | −350,687 | 38.5 | 45% |
| 2019 | 1,537,637 | 1,436,328 | 101,309 | 24.3 | 35% |
| 2020 | 1,754,781 | 1,725,049 | 29,732 | 20.5 | 0% |
| 2021 | 3,351,663 | 1,811,515 | 1,540,148 | 29.7 | 43% |
| 2022 | 8,343,201 | 2,679,863 | 5,663,338 | 45.4 | 33% |
| 2023 | 3,524,747 | 2,918,153 | 606,594 | 44.2 | 39% |
In its most recent public year (2023), this organization brought in $606,594 more than it spent. Its reserves stood at about 44.2 months of spending, down from 91.2 in 2011. Staff pay was 39% 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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