Legacy La Youth Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 515,454 | 438,401 | 77,053 | 2.1 | 48% |
| 2013 | 492,056 | 436,440 | 55,616 | 3.6 | 43% |
| 2014 | 328,293 | 360,490 | −32,197 | 3.3 | 49% |
| 2015 | 537,335 | 379,070 | 158,265 | 8.4 | 53% |
| 2016 | 809,175 | 380,875 | 428,300 | 21.8 | 52% |
| 2017 | 1,183,370 | 524,812 | 658,558 | 30.9 | 52% |
| 2018 | 2,179,137 | 748,406 | 1,430,731 | 44.6 | 48% |
| 2019 | 1,638,077 | 1,208,254 | 429,823 | 32.8 | 53% |
| 2020 | 1,858,087 | 1,942,237 | −84,150 | 19.9 | 62% |
| 2021 | 2,387,393 | 2,303,635 | 83,758 | 17.2 | 61% |
| 2022 | 3,435,635 | 3,690,687 | −255,052 | 32.8 | 59% |
| 2023 | 3,134,883 | 3,193,196 | −58,313 | 37.5 | 60% |
In its most recent public year (2023), this organization spent $58,313 more than it brought in. Its reserves stood at about 37.5 months of spending, up from 2.1 in 2012. Staff pay was 60% of spending. $6,247,523 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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