Hispanic Ministry Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,254,276 | 1,001,759 | 252,517 | 10.4 | 42% |
| 2021 | 1,348,010 | 1,329,522 | 18,488 | 8.3 | 41% |
| 2022 | 2,294,142 | 1,519,584 | 774,558 | 13.3 | 37% |
| 2023 | 1,018,084 | 1,791,864 | −773,780 | 8.2 | 38% |
In its most recent public year (2023), this organization spent $773,780 more than it brought in. Its reserves stood at about 8.2 months of spending, down from 10.4 in 2020. Staff pay was 38% of spending. $1,237,852 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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