Northern Great Lakes Initiatives
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 139,600 | 210,209 | −70,609 | -5.0 | 0% |
| 2018 | 13,265,049 | 672,816 | 12,592,233 | 223.0 | 0% |
| 2019 | 4,099,464 | 3,889,447 | 210,017 | 39.2 | 40% |
| 2020 | 5,032,659 | 5,056,633 | −23,974 | 30.1 | 34% |
| 2021 | 5,262,373 | 3,949,119 | 1,313,254 | 42.6 | 47% |
| 2022 | 8,055,442 | 5,036,597 | 3,018,845 | 30.1 | 45% |
| 2023 | 8,874,466 | 5,629,678 | 3,244,788 | 33.5 | 42% |
In its most recent public year (2023), this organization brought in $3,244,788 more than it spent. Its reserves stood at about 33.5 months of spending, up from -5 in 2017. Staff pay was 42% 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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