Centro Multicultural La Familia Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,154,146 | 960,124 | 194,022 | 2.1 | 65% |
| 2021 | 1,498,588 | 1,423,212 | 75,376 | 2.1 | 59% |
| 2022 | 1,977,004 | 1,839,445 | 137,559 | 2.5 | 66% |
| 2023 | 1,015,169 | 2,000,759 | −985,590 | -3.6 | 78% |
In its most recent public year (2023), this organization spent $985,590 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.6 months), down from 2.1 in 2020. Staff pay was 78% of spending. $121,998 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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