Latched Support Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,076,376 | 475,561 | 600,815 | 15.5 | 52% |
| 2021 | 1,500,780 | 1,109,795 | 390,985 | 10.9 | 54% |
| 2022 | 685,310 | 1,244,380 | −559,070 | 4.2 | 58% |
| 2023 | 1,067,337 | 1,140,425 | −73,088 | 6.6 | 65% |
In its most recent public year (2023), this organization spent $73,088 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 15.5 in 2020. Staff pay was 65% of spending. $30,000 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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