Loppet Adventures
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 300,517 | 265,848 | 34,669 | -143.6 | 50% |
| 2019 | 659,341 | 612,350 | 46,991 | -63.3 | 46% |
| 2020 | 215,421 | 534,001 | −318,580 | -81.4 | 61% |
| 2021 | 757,753 | 555,237 | 202,516 | -78.0 | 53% |
| 2022 | 722,957 | 533,940 | 189,017 | -75.7 | 51% |
| 2023 | 12,000 | 255,180 | −243,180 | -152.7 | 52% |
In its most recent public year (2023), this organization spent $243,180 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-152.7 months), down from -143.6 in 2018. Staff pay was 52% 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
Loppet Adventures's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works