Gala Inc Groupo De Artistas Latinoamericanos
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,802,982 | 1,651,391 | 1,151,591 | 34.9 | 25% |
| 2021 | 2,076,018 | 1,708,093 | 367,925 | 36.3 | 26% |
| 2022 | 2,890,817 | 2,366,246 | 524,571 | 28.9 | 16% |
| 2023 | 2,133,573 | 2,318,760 | −185,187 | 28.5 | 19% |
In its most recent public year (2023), this organization spent $185,187 more than it brought in. Its reserves stood at about 28.5 months of spending, down from 34.9 in 2020. Staff pay was 19% of spending. $249,429 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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