Greater Los Angeles Veterans Research & Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,524,332 | 6,681,309 | −1,156,977 | 8.2 | 61% |
| 2021 | 7,082,644 | 6,293,175 | 789,469 | 10.1 | 63% |
| 2022 | 7,243,470 | 6,582,386 | 661,084 | 10.7 | 60% |
| 2023 | 7,970,390 | 7,203,383 | 767,007 | 11.1 | 57% |
In its most recent public year (2023), this organization brought in $767,007 more than it spent. Its reserves stood at about 11.1 months of spending, up from 8.2 in 2020. Staff pay was 57% 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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