Latino Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,043,482 | 10,762,479 | 1,281,003 | 3.9 | 46% |
| 2021 | 18,551,465 | 15,132,028 | 3,419,437 | 5.5 | 46% |
| 2022 | 24,219,823 | 18,945,120 | 5,274,703 | 7.7 | 57% |
| 2023 | 28,666,217 | 21,884,271 | 6,781,946 | 10.4 | 57% |
In its most recent public year (2023), this organization brought in $6,781,946 more than it spent. Its reserves stood at about 10.4 months of spending, up from 3.9 in 2020. Staff pay was 57% of spending. $6,771,788 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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