Latino Economic Development Corporation Of Washington Dc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,622,096 | 3,356,122 | 265,974 | 2.8 | 48% |
| 2012 | 2,995,331 | 2,952,828 | 42,503 | 3.4 | 57% |
| 2013 | 3,904,792 | 3,009,751 | 895,041 | 6.9 | 57% |
| 2014 | 2,531,049 | 2,576,419 | −45,370 | 7.8 | 60% |
| 2015 | 2,441,176 | 2,354,400 | 86,776 | 9.0 | 61% |
| 2016 | 3,242,717 | 2,834,475 | 408,242 | 9.2 | 57% |
| 2017 | 4,275,349 | 3,395,259 | 880,090 | 10.8 | 55% |
| 2018 | 5,159,428 | 4,079,354 | 1,080,074 | 12.2 | 55% |
| 2019 | 5,745,929 | 4,408,894 | 1,337,035 | 14.9 | 55% |
| 2020 | 16,772,010 | 10,222,703 | 6,549,307 | 14.2 | 28% |
| 2021 | 55,386,095 | 53,394,386 | 1,991,709 | 3.4 | 7% |
| 2022 | 40,380,571 | 38,165,728 | 2,214,843 | 5.5 | 13% |
| 2023 | 19,538,430 | 18,402,517 | 1,135,913 | 12.1 | 34% |
In its most recent public year (2023), this organization brought in $1,135,913 more than it spent. Its reserves stood at about 12.1 months of spending, up from 2.8 in 2011. Staff pay was 34% 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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