Latino Business Action Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 192,850 | 3,123 | 189,727 | 734.0 | — |
| 2014 | 310,172 | 197,420 | 112,752 | 18.5 | 0% |
| 2015 | 1,024,678 | 743,292 | 281,386 | 9.5 | 24% |
| 2016 | 1,530,626 | 1,275,040 | 255,586 | 7.9 | 12% |
| 2017 | 827,107 | 1,228,280 | −401,173 | 4.1 | 28% |
| 2018 | 1,076,089 | 1,024,952 | 51,137 | 6.1 | 34% |
| 2019 | 1,952,849 | 973,274 | 979,575 | 18.2 | 36% |
| 2020 | 1,372,066 | 1,154,950 | 217,116 | 17.5 | 36% |
| 2021 | 3,029,969 | 1,959,162 | 1,070,807 | 18.3 | 25% |
| 2022 | 2,061,825 | 2,379,662 | −317,837 | 14.2 | 34% |
| 2023 | 3,260,790 | 2,666,844 | 593,946 | 16.0 | 39% |
In its most recent public year (2023), this organization brought in $593,946 more than it spent. Its reserves stood at about 16 months of spending, down from 734 in 2013. Staff pay was 39% of spending. $670,458 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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