The American Friends Of The Ludwig Foundation Of Cuba
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 400,917 | 364,176 | 36,741 | 101.8 | 12% |
| 2011 | 371,210 | 436,776 | −65,566 | 16.7 | 12% |
| 2012 | 762,212 | 756,020 | 6,192 | 11.2 | 10% |
| 2013 | 508,022 | 484,650 | 23,372 | 12.8 | 23% |
| 2014 | 451,595 | 573,134 | −121,539 | 8.2 | 19% |
| 2015 | 458,705 | 458,690 | 15 | 6.9 | 19% |
| 2016 | 472,589 | 446,520 | 26,069 | 7.8 | 17% |
| 2017 | 1,891,847 | 309,900 | 1,581,947 | 76.3 | 17% |
| 2018 | 248,790 | 353,050 | −104,260 | 46.1 | 20% |
| 2019 | 403,323 | 376,723 | 26,600 | 34.5 | 18% |
| 2020 | 97,398 | 145,217 | −47,819 | 85.6 | 37% |
| 2021 | 113,607 | 223,226 | −109,619 | 49.8 | 24% |
| 2022 | 246,049 | 264,657 | −18,608 | 41.1 | 21% |
| 2023 | −199,670 | 194,190 | −393,860 | 31.7 | 27% |
In its most recent public year (2023), this organization spent $393,860 more than it brought in. Its reserves stood at about 31.7 months of spending, down from 101.8 in 2010. Staff pay was 27% of spending.
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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