Lakeshore Connections Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 35,575 | 6,129 | 29,446 | 57.7 | — |
| 2020 | 675,008 | 519,800 | 155,208 | 4.3 | 0% |
| 2021 | 4,639,186 | 4,570,995 | 68,191 | 0.7 | 0% |
| 2022 | 1,813,605 | 1,447,530 | 366,075 | 5.1 | 0% |
| 2023 | 1,711,634 | 1,855,078 | −143,444 | 3.1 | 45% |
In its most recent public year (2023), this organization spent $143,444 more than it brought in. Its reserves stood at about 3.1 months of spending, down from 57.7 in 2019. Staff pay was 45% of spending. $50,297 of its net assets are donor-restricted.
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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