The Lake Wales Area Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 52,497 | 43,982 | 8,515 | 5.2 | — |
| 2016 | 40,504 | 21,970 | 18,534 | 20.6 | — |
| 2017 | 26,500 | 21,589 | 4,911 | 23.7 | — |
| 2018 | 23,709 | 23,426 | 283 | 22.0 | — |
| 2019 | 32,137 | 26,511 | 5,626 | 21.9 | — |
| 2020 | 2,693 | 16,240 | −13,547 | 25.8 | — |
| 2021 | 26,421 | 15,220 | 11,201 | 36.4 | — |
| 2022 | 28,779 | 23,900 | 4,879 | 25.6 | — |
| 2023 | 20,262 | 27,881 | −7,619 | 18.7 | — |
In its most recent public year (2023), this organization spent $7,619 more than it brought in. Its reserves stood at about 18.7 months of spending, up from 5.2 in 2015.
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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