Sociedad Latina Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,976,207 | 1,680,452 | 2,295,755 | 47.6 | 47% |
| 2021 | 3,671,884 | 2,173,293 | 1,498,591 | 45.1 | 38% |
| 2022 | 3,359,611 | 2,442,269 | 917,342 | 44.6 | 37% |
| 2023 | 4,180,122 | 2,553,183 | 1,626,939 | 50.4 | 38% |
In its most recent public year (2023), this organization brought in $1,626,939 more than it spent. Its reserves stood at about 50.4 months of spending, up from 47.6 in 2020. Staff pay was 38% of spending. $2,584,637 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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