Latino Economic Development Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,031,174 | 10,452,350 | 1,578,824 | 4.2 | 7% |
| 2021 | 19,528,644 | 16,906,414 | 2,622,230 | 4.4 | 8% |
| 2022 | 4,726,530 | 4,491,158 | 235,372 | 17.3 | 25% |
| 2023 | 6,991,102 | 3,516,316 | 3,474,786 | 34.0 | 28% |
In its most recent public year (2023), this organization brought in $3,474,786 more than it spent. Its reserves stood at about 34 months of spending, up from 4.2 in 2020. Staff pay was 28% of spending. $5,065,538 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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