Los Angeles Chong De Culture And Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 673,269 | 46,336 | 626,933 | 1130.8 | 0% |
| 2020 | 888,917 | 51,313 | 837,604 | 1217.0 | 0% |
| 2021 | 596,734 | 41,758 | 554,976 | 1654.9 | 0% |
| 2022 | 1,933,788 | 40,204 | 1,893,584 | 2284.1 | 0% |
| 2023 | 488,004 | 40,407 | 447,597 | 2405.5 | 0% |
In its most recent public year (2023), this organization brought in $447,597 more than it spent. Its reserves stood at about 2405.5 months of spending, up from 1130.8 in 2019. 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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