Lake Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 70,152 | 71,341 | −1,189 | 34.6 | — |
| 2012 | 43,001 | 45,390 | −2,389 | 53.7 | — |
| 2013 | 42,449 | 77,061 | −34,612 | 26.2 | — |
| 2014 | 40,379 | 78,978 | −38,599 | 19.7 | — |
| 2015 | 52,519 | 64,455 | −11,936 | 22.0 | — |
| 2016 | 54,698 | 70,733 | −16,035 | 17.3 | — |
| 2017 | 59,543 | 67,719 | −8,176 | 16.6 | — |
| 2018 | 57,759 | 64,203 | −6,444 | 16.3 | — |
| 2019 | 58,007 | 70,027 | −12,020 | 12.9 | — |
| 2020 | 50,514 | 52,341 | −1,827 | 16.8 | — |
| 2021 | 51,934 | 61,152 | −9,218 | 12.6 | — |
| 2022 | 45,284 | 50,916 | −5,632 | 13.8 | — |
| 2023 | 48,737 | 55,128 | −6,391 | 11.4 | — |
| 2024 | 53,281 | 69,002 | −15,721 | 6.4 | — |
In its most recent public year (2024), this organization spent $15,721 more than it brought in. Its reserves stood at about 6.4 months of spending, down from 34.6 in 2011.
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 2024. 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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