Lake Avenue Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,374,847 | 1,046,688 | 328,159 | 1.1 | 49% |
| 2013 | 234,337 | 198,181 | 36,156 | 6.6 | 51% |
| 2014 | 1,149,319 | 1,057,708 | 91,611 | 1.9 | 42% |
| 2015 | 1,115,179 | 1,127,225 | −12,046 | 1.7 | 48% |
| 2016 | 1,050,484 | 964,446 | 86,038 | 3.0 | 67% |
| 2017 | 982,794 | 975,892 | 6,902 | 3.1 | 53% |
| 2018 | 1,037,797 | 964,221 | 73,576 | 4.1 | 56% |
| 2019 | 1,056,608 | 1,056,230 | 378 | 3.7 | 55% |
| 2020 | 1,265,124 | 1,229,221 | 35,903 | 3.5 | 53% |
| 2021 | 1,944,241 | 1,340,959 | 603,282 | 8.6 | 54% |
| 2022 | 1,469,663 | 1,529,983 | −60,320 | 7.1 | 59% |
| 2023 | 1,380,497 | 1,665,750 | −285,253 | 4.5 | 58% |
In its most recent public year (2023), this organization spent $285,253 more than it brought in. Its reserves stood at about 4.5 months of spending, up from 1.1 in 2012. Staff pay was 58% of spending. $239,396 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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