Ace Mentor Los Angeles Metropolitan Area Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 275,831 | 333,815 | −57,984 | 26.5 | 0% |
| 2021 | 355,602 | 433,308 | −77,706 | 18.2 | 0% |
| 2022 | 822,330 | 408,580 | 413,750 | 31.5 | 0% |
| 2023 | 798,363 | 890,472 | −92,109 | 13.2 | 0% |
In its most recent public year (2023), this organization spent $92,109 more than it brought in. Its reserves stood at about 13.2 months of spending, down from 26.5 in 2020. Staff pay was 0% 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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