Luso-American Financial A Fraternal Benefit Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,798,489 | 13,927,402 | 871,087 | 6.7 | 4% |
| 2021 | 14,039,396 | 14,536,677 | −497,281 | 6.0 | 5% |
| 2022 | 13,781,778 | 15,251,416 | −1,469,638 | 4.6 | 5% |
| 2023 | 12,900,869 | 14,284,512 | −1,383,643 | 3.7 | 5% |
In its most recent public year (2023), this organization spent $1,383,643 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 6.7 in 2020. Staff pay was 5% 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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