Lake Area Improvement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 121,865 | 757,727 | −635,862 | 32.5 | 18% |
| 2012 | 1,628,460 | 557,081 | 1,071,379 | 69.6 | 17% |
| 2013 | 838,900 | 747,093 | 91,807 | 53.5 | 15% |
| 2014 | 538,186 | 560,207 | −22,021 | 70.9 | 22% |
| 2015 | 554,692 | 451,551 | 103,141 | 90.7 | 29% |
| 2016 | 1,283,569 | 782,426 | 501,143 | 60.2 | 18% |
| 2017 | 600,742 | 546,622 | 54,120 | 88.2 | 28% |
| 2018 | −145,438 | 334,397 | −479,835 | 126.9 | 34% |
| 2019 | 470,287 | 243,524 | 226,763 | 185.1 | 52% |
| 2020 | 482,303 | 330,279 | 152,024 | 142.0 | 44% |
| 2021 | 1,027,116 | 400,585 | 626,531 | 136.7 | 38% |
| 2022 | 1,415,608 | 419,270 | 996,338 | 160.9 | 45% |
| 2023 | 1,155,045 | 491,575 | 663,470 | 152.9 | 40% |
In its most recent public year (2023), this organization brought in $663,470 more than it spent. Its reserves stood at about 152.9 months of spending, up from 32.5 in 2011. Staff pay was 40% of spending. $366,866 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
Lake Area Improvement Corporation'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