Berks Latino Workforce Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 150,000 | 1,022 | 148,978 | 1749.3 | — |
| 2020 | 57,510 | 136,949 | −79,439 | 6.1 | — |
| 2021 | 451,178 | 300,975 | 150,203 | 8.8 | 45% |
| 2022 | 985,994 | 418,884 | 567,110 | 22.5 | 39% |
| 2023 | 1,273,044 | 831,398 | 441,646 | 17.5 | 38% |
In its most recent public year (2023), this organization brought in $441,646 more than it spent. Its reserves stood at about 17.5 months of spending, down from 1749.3 in 2019. Staff pay was 38% of spending. $618,888 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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