Latino Literacy Now
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 134,787 | 140,897 | −6,110 | -10.8 | 0% |
| 2021 | 335,438 | 336,940 | −1,502 | -4.4 | 0% |
| 2022 | 346,544 | 357,041 | −10,497 | -4.5 | 30% |
| 2023 | 445,553 | 443,313 | 2,240 | -3.6 | 22% |
In its most recent public year (2023), this organization brought in $2,240 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.6 months), up from -10.8 in 2020. Staff pay was 22% 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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