Lake Wales Charter Schools
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 41,081,577 | 42,688,319 | −1,606,742 | 0.5 | 51% |
| 2021 | 45,984,784 | 43,476,851 | 2,507,933 | 1.2 | 51% |
| 2022 | 49,848,842 | 45,330,649 | 4,518,193 | 2.3 | 50% |
| 2023 | 56,865,523 | 54,726,221 | 2,139,302 | 2.4 | 48% |
In its most recent public year (2023), this organization brought in $2,139,302 more than it spent. Its reserves stood at about 2.4 months of spending, up from 0.5 in 2020. Staff pay was 48% of spending. $4,615,950 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
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