Arete Scholars Louisiana Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,545,077 | 2,980,540 | −435,463 | 13.7 | 4% |
| 2021 | 1,814,860 | 2,508,643 | −693,783 | 12.9 | 5% |
| 2022 | 9,768,931 | 2,379,849 | 7,389,082 | 50.9 | 15% |
| 2023 | 9,238,365 | 4,396,961 | 4,841,404 | 40.7 | 7% |
In its most recent public year (2023), this organization brought in $4,841,404 more than it spent. Its reserves stood at about 40.7 months of spending, up from 13.7 in 2020. Staff pay was 7% of spending. $14,627,820 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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