Latino Music Education Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 161,120 | 153,196 | 7,924 | 3.1 | — |
| 2022 | 253,100 | 166,277 | 86,823 | 9.1 | 0% |
| 2023 | 395,124 | 434,446 | −39,322 | 2.7 | 22% |
In its most recent public year (2023), this organization spent $39,322 more than it brought in. Its reserves stood at about 2.7 months of spending. Staff pay was 22% of spending. $90,662 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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