Lake Agassiz Regional Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 897,145 | 1,020,676 | −123,531 | 33.5 | 41% |
| 2012 | 900,426 | 816,469 | 83,957 | 43.2 | 46% |
| 2013 | 762,084 | 782,327 | −20,243 | 44.5 | 44% |
| 2014 | 985,169 | 941,673 | 43,496 | 37.8 | 37% |
| 2015 | 952,880 | 880,015 | 72,865 | 41.5 | 38% |
| 2016 | 813,678 | 711,127 | 102,551 | 53.0 | 44% |
| 2017 | 1,017,463 | 1,040,744 | −23,281 | 36.0 | 32% |
| 2018 | 1,074,260 | 1,002,497 | 71,763 | 38.2 | 34% |
| 2019 | 936,762 | 820,908 | 115,854 | 48.3 | 43% |
| 2020 | 1,049,464 | 888,079 | 161,385 | 46.9 | 46% |
| 2021 | 1,263,112 | 940,497 | 322,615 | 48.4 | 52% |
| 2022 | 1,028,697 | 1,021,635 | 7,062 | 44.6 | 50% |
| 2023 | 1,082,438 | 1,086,507 | −4,069 | 41.9 | 46% |
In its most recent public year (2023), this organization spent $4,069 more than it brought in. Its reserves stood at about 41.9 months of spending, up from 33.5 in 2011. Staff pay was 46% of spending. $2,315,745 of its net assets are donor-restricted.
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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