Torrance Chinese School
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $110,097 | $65,955 | $44,142 | 70.6 | — |
| 2022 | $169,073 | $164,893 | $4,180 | 28.6 | 38% |
| 2023 | $186,991 | $169,399 | $17,592 | 29.1 | 33% |
| 2024 | $159,391 | $169,292 | −$9,901 | 28.4 | 34% |
In its most recent public year (2024), this organization spent $9,901 more than it brought in. Its reserves stood at about 28.4 months of spending, down from 70.6 in 2021. Staff pay was 34% 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 2024. 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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