Lake Erie Center For Medical Research Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 309,961 | 304,276 | 5,685 | 3.9 | 16% |
| 2022 | 149,975 | 165,441 | −15,466 | 6.0 | — |
| 2023 | 150,019 | 111,568 | 38,451 | 13.0 | — |
| 2024 | 24,966 | 56,437 | −31,471 | 19.1 | — |
In its most recent public year (2024), this organization spent $31,471 more than it brought in. Its reserves stood at about 19.1 months of spending, up from 3.9 in 2021.
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 2024. 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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