Lakemont Community Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,905,135 | 1,579,304 | 325,831 | 17.2 | 3% |
| 2021 | 1,880,532 | 1,732,908 | 147,624 | 16.7 | 0% |
| 2022 | 1,882,252 | 1,940,183 | −57,931 | 14.5 | 0% |
| 2023 | 1,736,666 | 2,304,348 | −567,682 | 9.2 | 0% |
In its most recent public year (2023), this organization spent $567,682 more than it brought in. Its reserves stood at about 9.2 months of spending, down from 17.2 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 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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