Lakeshore Advantage Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,356,380 | 5,109,545 | 246,835 | 2.1 | 19% |
| 2021 | 3,726,179 | 3,431,873 | 294,306 | 4.2 | 30% |
| 2022 | 2,031,932 | 1,950,358 | 81,574 | 7.9 | 60% |
| 2023 | 6,704,698 | 2,040,853 | 4,663,845 | 34.9 | 66% |
In its most recent public year (2023), this organization brought in $4,663,845 more than it spent. Its reserves stood at about 34.9 months of spending, up from 2.1 in 2020. Staff pay was 66% of spending. $1,890,347 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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