Crearte Latino Cultural Center Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 173,634 | 48,499 | 125,135 | 27.8 | — |
| 2022 | 109,680 | 113,412 | −3,732 | 11.5 | — |
| 2023 | 227,755 | 112,589 | 115,166 | 19.5 | 0% |
In its most recent public year (2023), this organization brought in $115,166 more than it spent. Its reserves stood at about 19.5 months of spending, down from 27.8 in 2021. Staff pay was 0% of spending. $140,821 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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