1616 Latimer Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2023 | 393,248 | 155,970 | 237,278 | 21.0 | 0% |
| 2024 | 404,524 | 365,900 | 38,624 | 10.2 | 1% |
In its most recent public year (2024), this organization brought in $38,624 more than it spent. Its reserves stood at about 10.2 months of spending, down from 21 in 2023. Staff pay was 1% 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 2024. 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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