Lake Area Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 219,552 | 23,567 | 195,985 | 542.1 | 0% |
| 2022 | 278,017 | 47,016 | 231,001 | 298.9 | 0% |
| 2023 | 67,903 | 35,871 | 32,032 | 428.8 | 0% |
| 2024 | 217,134 | 45,106 | 172,028 | 411.2 | 0% |
In its most recent public year (2024), this organization brought in $172,028 more than it spent. Its reserves stood at about 411.2 months of spending, down from 542.1 in 2021. 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 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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