Lennox Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 91,852 | 6,855 | 84,997 | 1044.0 | 0% |
| 2021 | 728,027 | 237,824 | 490,203 | 54.8 | 0% |
| 2022 | 9,472 | 77,250 | −67,778 | 158.3 | 0% |
| 2023 | 79,291 | 189,910 | −110,619 | 57.4 | 0% |
In its most recent public year (2023), this organization spent $110,619 more than it brought in. Its reserves stood at about 57.4 months of spending, down from 1044 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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