Garrett County Lighthouse Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,735,144 | 1,656,988 | 1,078,156 | 21.7 | 49% |
| 2021 | 2,383,717 | 1,804,232 | 579,485 | 15.6 | 59% |
| 2022 | 1,577,034 | 1,796,033 | −218,999 | 14.4 | 0% |
In its most recent public year (2022), this organization spent $218,999 more than it brought in. Its reserves stood at about 14.4 months of spending, down from 21.7 in 2020. Staff pay was 0% 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 2022. 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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