Lake Effect Community Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 176,670 | 26,114 | 150,556 | 104.9 | 0% |
| 2021 | 69,737 | 27,970 | 41,767 | 115.9 | 0% |
| 2022 | 35,086 | 51,621 | −16,535 | 51.9 | 0% |
| 2023 | 44,371 | 59,724 | −15,353 | 41.8 | 0% |
In its most recent public year (2023), this organization spent $15,353 more than it brought in. Its reserves stood at about 41.8 months of spending, down from 104.9 in 2020. Staff pay was 0% 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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