Lewis H Latimer Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 18,290 | 18,444 | −154 | 2.0 | — |
| 2013 | 10,597 | 13,602 | −3,005 | 2.0 | — |
| 2014 | 13,893 | 9,615 | 4,278 | 6.2 | — |
| 2015 | 12,957 | 3,453 | 9,504 | 55.6 | — |
| 2016 | 29,906 | 9,304 | 20,602 | 47.2 | — |
| 2017 | 21,837 | 18,691 | 3,146 | 10.6 | — |
| 2018 | 146,320 | 103,210 | 43,110 | 6.9 | — |
| 2019 | 154,261 | 164,253 | −9,992 | 3.6 | — |
| 2020 | 277,087 | 189,115 | 87,972 | 8.7 | 57% |
| 2021 | 369,471 | 193,657 | 175,814 | 19.4 | 55% |
| 2022 | 508,253 | 329,308 | 178,945 | 17.9 | 42% |
| 2023 | 1,578,170 | 580,282 | 997,888 | 30.8 | 44% |
In its most recent public year (2023), this organization brought in $997,888 more than it spent. Its reserves stood at about 30.8 months of spending, up from 2 in 2012. Staff pay was 44% of spending. $952,295 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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