Great Lakes Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 675,190 | 239,675 | 435,515 | 21.8 | 57% |
| 2015 | 1,894,864 | 1,782,049 | 112,815 | 3.7 | 43% |
| 2016 | 3,060,728 | 2,459,895 | 600,833 | 5.6 | 47% |
| 2017 | 3,031,273 | 2,813,728 | 217,545 | 5.8 | 48% |
| 2018 | 3,891,262 | 3,244,793 | 646,469 | 7.4 | 47% |
| 2019 | 4,648,380 | 4,078,629 | 569,751 | 7.6 | 55% |
| 2020 | 3,885,959 | 4,738,429 | −852,470 | 4.4 | 63% |
| 2021 | 11,522,034 | 5,350,685 | 6,171,349 | 11.7 | 64% |
| 2022 | 9,002,608 | 8,151,361 | 851,247 | 9.5 | 54% |
| 2023 | 9,019,880 | 8,993,988 | 25,892 | 8.9 | 55% |
In its most recent public year (2023), this organization brought in $25,892 more than it spent. Its reserves stood at about 8.9 months of spending, down from 21.8 in 2014. Staff pay was 55% of spending. $643,663 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
Great Lakes Academy Inc'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