Laureate Building Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,223,697 | 1,426,868 | −203,171 | 44.6 | 0% |
| 2021 | 1,232,752 | 1,426,783 | −194,031 | 42.9 | 0% |
| 2022 | 1,248,277 | 1,897,978 | −649,701 | 28.2 | 0% |
| 2023 | 1,276,100 | 1,810,438 | −534,338 | 26.0 | 0% |
In its most recent public year (2023), this organization spent $534,338 more than it brought in. Its reserves stood at about 26 months of spending, down from 44.6 in 2020. Staff pay was 0% 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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