Lake Penland Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 89,919 | 37,011 | 52,908 | 112.7 | — |
| 2020 | 89,919 | 37,011 | 52,908 | 112.7 | — |
| 2021 | 5,957 | 5,320 | 637 | 786.1 | — |
In its most recent public year (2021), this organization brought in $637 more than it spent. Its reserves stood at about 786.1 months of spending, up from 112.7 in 2019.
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 2021. 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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