Lake Mead Christian Ministries Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 2,387,487 | 854,763 | 1,532,724 | 21.5 | 0% |
| 2016 | 271,375 | 111,987 | 159,388 | 202.7 | 0% |
| 2017 | 1,209,646 | 1,214,932 | −5,286 | 18.6 | 0% |
| 2018 | 1,097,163 | 1,511,347 | −414,184 | 11.7 | 0% |
| 2019 | 1,119,107 | 1,544,659 | −425,552 | 8.1 | 0% |
| 2020 | 1,141,489 | 1,542,779 | −401,290 | 5.0 | 0% |
| 2021 | 11,552,971 | 1,611,738 | 9,941,233 | 78.8 | 0% |
| 2022 | 499,600 | 788,149 | −288,549 | 156.8 | 0% |
| 2023 | 499,600 | 784,587 | −284,987 | 153.2 | 0% |
In its most recent public year (2023), this organization spent $284,987 more than it brought in. Its reserves stood at about 153.2 months of spending, up from 21.5 in 2015. Staff pay was 0% of spending. $2,963,080 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
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