Latin American Chamber Of Commerce Of Charlotte
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 78,155 | 73,926 | 4,229 | 5.4 | 0% |
| 2012 | 181,272 | 183,603 | −2,331 | 2.0 | 21% |
| 2013 | 303,649 | 293,333 | 10,316 | 1.3 | 33% |
| 2014 | 308,328 | 279,498 | 28,830 | 2.6 | 49% |
| 2015 | 296,974 | 241,215 | 55,759 | 5.8 | 40% |
| 2016 | 323,359 | 274,434 | 48,925 | 7.2 | 43% |
| 2017 | 349,535 | 336,214 | 13,321 | 6.4 | 38% |
| 2018 | 358,498 | 346,953 | 11,545 | 6.6 | 39% |
| 2019 | 445,322 | 353,373 | 91,949 | 9.6 | 39% |
| 2020 | 520,628 | 486,080 | 34,548 | 7.8 | 25% |
| 2021 | 515,149 | 589,662 | −74,513 | 4.9 | 30% |
| 2022 | 543,944 | 597,544 | −53,600 | 3.8 | 35% |
| 2023 | 1,064,255 | 697,626 | 366,629 | 9.5 | 30% |
In its most recent public year (2023), this organization brought in $366,629 more than it spent. Its reserves stood at about 9.5 months of spending, up from 5.4 in 2011. Staff pay was 30% 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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