Lake Pointe Resource Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | −193,430 | 10,438 | −203,868 | 31.6 | — |
| 2021 | 27,486 | 53,614 | −26,128 | -5.8 | — |
| 2022 | 316,917 | 392,909 | −75,992 | -2.7 | 0% |
| 2023 | 465,449 | 519,057 | −53,608 | -3.3 | 0% |
In its most recent public year (2023), this organization spent $53,608 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.3 months), down from 31.6 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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