Lakes Area Music Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 129,438 | 94,633 | 34,805 | 4.4 | 0% |
| 2014 | 181,914 | 162,635 | 19,279 | 4.0 | 0% |
| 2015 | 227,824 | 227,219 | 605 | 2.9 | 11% |
| 2016 | 294,682 | 314,051 | −19,369 | 1.3 | 13% |
| 2017 | 360,686 | 349,336 | 11,350 | 1.6 | 11% |
| 2018 | 475,713 | 466,848 | 8,865 | 1.4 | 12% |
| 2019 | 518,869 | 554,340 | −35,471 | 0.4 | 15% |
| 2020 | 484,142 | 395,357 | 88,785 | 3.3 | 34% |
| 2021 | 699,532 | 592,905 | 106,627 | 4.4 | 24% |
| 2022 | 847,084 | 881,875 | −34,791 | 2.5 | 18% |
| 2023 | 877,309 | 899,612 | −22,303 | 2.1 | 22% |
In its most recent public year (2023), this organization spent $22,303 more than it brought in. Its reserves stood at about 2.1 months of spending, down from 4.4 in 2013. Staff pay was 22% of spending. $10,000 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
Lakes Area Music Festival's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works