Glacial Lakes Multicultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 86,333 | 46,208 | 40,125 | 10.4 | 36% |
| 2020 | 112,042 | 71,304 | 40,738 | 13.6 | 43% |
| 2021 | 118,527 | 101,127 | 17,400 | 11.7 | 52% |
| 2022 | 57,792 | 136,326 | −78,534 | 1.7 | 51% |
| 2023 | 139,475 | 163,684 | −24,209 | -0.4 | 66% |
In its most recent public year (2023), this organization spent $24,209 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 10.4 in 2019. Staff pay was 66% of spending. $2,760 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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