Clemente Soto Velez Cultural & Education Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 939,853 | 878,110 | 61,743 | 5.0 | 26% |
| 2012 | 653,884 | 850,797 | −196,913 | 2.4 | 33% |
| 2013 | 870,365 | 722,451 | 147,914 | 5.3 | 36% |
| 2014 | 908,588 | 1,028,355 | −119,767 | 2.3 | 24% |
| 2015 | 1,178,395 | 1,113,705 | 64,690 | 2.8 | 27% |
| 2016 | 1,079,979 | 1,071,505 | 8,474 | 3.0 | 33% |
| 2017 | 1,234,781 | 796,324 | 438,457 | 10.7 | 45% |
| 2019 | 977,716 | 1,055,662 | −77,946 | 4.3 | 39% |
| 2020 | 997,338 | 1,067,311 | −69,973 | 3.5 | 41% |
| 2021 | 1,657,429 | 881,519 | 775,910 | 17.2 | 41% |
| 2022 | 1,543,685 | 983,379 | 560,306 | 21.9 | 48% |
| 2023 | 5,170,206 | 1,419,788 | 3,750,418 | 46.9 | 42% |
In its most recent public year (2023), this organization brought in $3,750,418 more than it spent. Its reserves stood at about 46.9 months of spending, up from 5 in 2011. Staff pay was 42% of spending. $3,359,825 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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