Latvian Association In Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,505 | 1,852 | 653 | 223.9 | — |
| 2012 | 3,703 | 6,651 | −2,948 | 57.0 | — |
| 2013 | 5,176 | 5,015 | 161 | 76.0 | — |
| 2014 | 2,249 | 4,801 | −2,552 | 73.0 | — |
| 2015 | 2,578 | 5,593 | −3,015 | 56.2 | — |
| 2016 | 2,952 | 1,936 | 1,016 | 168.7 | — |
| 2017 | 2,568 | 4,110 | −1,542 | 75.0 | — |
| 2018 | 1,592 | 5,164 | −3,572 | 50.9 | — |
| 2019 | 3,483 | 7,205 | −3,722 | 29.7 | — |
| 2020 | 2,339 | 3,830 | −1,491 | 51.2 | — |
In its most recent public year (2020), this organization spent $1,491 more than it brought in. Its reserves stood at about 51.2 months of spending, down from 223.9 in 2011.
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 2020. 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
Latvian Association In Detroit's IRS filings as a feed — one entry per filing year, through 2020. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works