Latino Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 476,056 | 412,550 | 63,506 | 4.5 | 0% |
| 2021 | 457,525 | 449,463 | 8,062 | 4.3 | 0% |
| 2022 | 402,177 | 392,648 | 9,529 | 5.3 | 0% |
| 2023 | 318,466 | 329,600 | −11,134 | 5.9 | 0% |
In its most recent public year (2023), this organization spent $11,134 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 4.5 in 2020. Staff pay was 0% of spending. $17,500 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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