Lake Retreat Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 223,205 | 187,129 | 36,076 | 11.0 | 60% |
| 2021 | 265,949 | 261,147 | 4,802 | 8.1 | 53% |
| 2022 | 288,321 | 332,853 | −44,532 | 4.7 | 46% |
| 2023 | 358,252 | 384,285 | −26,033 | 3.3 | 46% |
In its most recent public year (2023), this organization spent $26,033 more than it brought in. Its reserves stood at about 3.3 months of spending, down from 11 in 2020. Staff pay was 46% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works