Los Angeles Organizing Committee For The Olympic And Paralympic Gam
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,628,198 | 36,493,126 | −33,864,928 | -21.4 | 28% |
| 2021 | 21,974,824 | 93,243,446 | −71,268,622 | -17.5 | 18% |
| 2022 | 53,663,980 | 140,219,665 | −86,555,685 | -13.2 | 19% |
| 2023 | 12,344,674 | 78,369,861 | −66,025,187 | -33.6 | 40% |
In its most recent public year (2023), this organization spent $66,025,187 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-33.6 months), down from -21.4 in 2020. Staff pay was 40% 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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