The Lofte Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 278,613 | 343,682 | −65,069 | 29.5 | 19% |
| 2012 | 334,865 | 336,925 | −2,060 | 30.1 | 20% |
| 2013 | 296,337 | 373,089 | −76,752 | 24.8 | 19% |
| 2014 | 308,138 | 353,090 | −44,952 | 24.8 | 19% |
| 2015 | 277,112 | 350,762 | −73,650 | 22.6 | 21% |
| 2016 | 274,734 | 332,853 | −58,119 | 21.8 | 23% |
| 2017 | 273,396 | 340,224 | −66,828 | 19.0 | 22% |
| 2018 | 325,051 | 351,432 | −26,381 | 17.5 | 22% |
| 2019 | 331,398 | 380,135 | −48,737 | 14.6 | 19% |
| 2020 | 335,755 | 282,550 | 53,205 | 22.0 | 27% |
| 2021 | 404,795 | 347,774 | 57,021 | 19.8 | 21% |
| 2022 | 317,994 | 358,522 | −40,528 | 17.6 | 22% |
| 2023 | 391,888 | 352,524 | 39,364 | 20.2 | 22% |
In its most recent public year (2023), this organization brought in $39,364 more than it spent. Its reserves stood at about 20.2 months of spending, down from 29.5 in 2011. Staff pay was 22% 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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