Latino Cultural Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 230,887 | 205,491 | 25,396 | 2.3 | 0% |
| 2019 | 511,632 | 479,113 | 32,519 | 1.8 | 0% |
| 2020 | 560,913 | 265,972 | 294,941 | 16.6 | 0% |
| 2021 | 386,708 | 274,258 | 112,450 | 43.9 | 0% |
| 2022 | 537,839 | 462,698 | 75,141 | 22.6 | 5% |
| 2023 | 2,076,315 | 803,946 | 1,272,369 | 32.5 | 36% |
In its most recent public year (2023), this organization brought in $1,272,369 more than it spent. Its reserves stood at about 32.5 months of spending, up from 2.3 in 2018. Staff pay was 36% of spending. $396,133 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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