Latvian Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 67,256 | 51,547 | 15,709 | 102.0 | 0% |
| 2012 | −61,173 | 58,157 | −119,330 | 71.5 | 0% |
| 2013 | 36,215 | 54,111 | −17,896 | 88.0 | 0% |
| 2014 | 36,773 | 52,461 | −15,688 | 105.3 | 0% |
| 2015 | 35,071 | 57,594 | −22,523 | 107.1 | 0% |
| 2016 | 38,715 | 50,108 | −11,393 | 117.3 | 0% |
| 2017 | 144,327 | 59,649 | 84,678 | 128.9 | 0% |
| 2018 | 79,370 | 76,200 | 3,170 | 108.4 | 0% |
| 2019 | 59,215 | 68,694 | −9,479 | 170.8 | 0% |
| 2020 | 381,403 | 82,788 | 298,615 | 170.2 | 0% |
| 2021 | 146,665 | 76,245 | 70,420 | 222.0 | 0% |
| 2022 | 139,529 | 82,269 | 57,260 | 165.1 | 0% |
| 2023 | 242,063 | 65,501 | 176,562 | 244.0 | 0% |
In its most recent public year (2023), this organization brought in $176,562 more than it spent. Its reserves stood at about 244 months of spending, up from 102 in 2011. Staff pay was 0% of spending. $54,203 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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