Lansing Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 158,850 | 161,498 | −2,648 | 8.9 | — |
| 2014 | 240,803 | 236,529 | 4,274 | 6.3 | 21% |
| 2015 | 1,188,484 | 320,098 | 868,386 | 37.2 | 17% |
| 2016 | 468,113 | 518,389 | −50,276 | 21.8 | 11% |
| 2017 | 387,225 | 590,113 | −202,888 | 15.0 | 17% |
| 2018 | 518,157 | 807,186 | −289,029 | 6.7 | 15% |
| 2019 | 584,135 | 737,525 | −153,390 | 4.8 | 18% |
| 2020 | 550,275 | 620,146 | −69,871 | 4.5 | 26% |
| 2021 | 475,531 | 312,741 | 162,790 | 15.1 | 52% |
| 2022 | 466,045 | 355,192 | 110,853 | 17.1 | 61% |
| 2023 | 2,257,586 | 586,761 | 1,670,825 | 44.5 | 32% |
| 2024 | 683,868 | 693,749 | −9,881 | 37.5 | 36% |
In its most recent public year (2024), this organization spent $9,881 more than it brought in. Its reserves stood at about 37.5 months of spending, up from 8.9 in 2013. Staff pay was 36% of spending. $1,741,004 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 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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