Lakes And Bridges Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,809,491 | 1,818,372 | 991,119 | 10.5 | 49% |
| 2021 | 3,031,260 | 2,045,564 | 985,696 | 15.1 | 50% |
| 2022 | 3,129,581 | 2,551,450 | 578,131 | 14.8 | 50% |
| 2023 | 3,496,432 | 3,007,615 | 488,817 | 14.5 | 56% |
In its most recent public year (2023), this organization brought in $488,817 more than it spent. Its reserves stood at about 14.5 months of spending, up from 10.5 in 2020. Staff pay was 56% 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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