Sherlake Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 240,146 | 221,226 | 18,920 | 3.2 | 19% |
| 2021 | 1,325,621 | 291,481 | 1,034,140 | 45.0 | 20% |
| 2022 | 295,984 | 289,304 | 6,680 | 45.6 | 23% |
| 2023 | 354,736 | 326,276 | 28,460 | 41.5 | 21% |
In its most recent public year (2023), this organization brought in $28,460 more than it spent. Its reserves stood at about 41.5 months of spending, up from 3.2 in 2020. Staff pay was 21% 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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