Hispanic Center Of Western Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,464,087 | 1,274,160 | 189,927 | 13.0 | 50% |
| 2012 | 1,793,469 | 1,669,372 | 124,097 | 10.8 | 59% |
| 2013 | 1,696,220 | 1,767,131 | −70,911 | 9.7 | 53% |
| 2014 | 1,210,266 | 1,503,847 | −293,581 | 9.1 | 56% |
| 2015 | 1,778,340 | 1,552,124 | 226,216 | 10.6 | 56% |
| 2016 | 1,566,662 | 1,979,303 | −412,641 | 5.8 | 51% |
| 2017 | 1,824,970 | 1,861,202 | −36,232 | 5.9 | 55% |
| 2018 | 1,995,055 | 1,464,996 | 530,059 | 11.8 | 53% |
| 2019 | 1,326,801 | 1,446,001 | −119,200 | 11.0 | 52% |
| 2020 | 2,693,574 | 2,124,102 | 569,472 | 10.7 | 34% |
| 2021 | 1,661,760 | 1,750,947 | −89,187 | 12.4 | 48% |
| 2022 | 2,619,061 | 2,310,526 | 308,535 | 11.0 | 45% |
| 2023 | 3,403,407 | 3,084,043 | 319,364 | 9.5 | 47% |
In its most recent public year (2023), this organization brought in $319,364 more than it spent. Its reserves stood at about 9.5 months of spending, down from 13 in 2011. Staff pay was 47% of spending. $76,634 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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