Los Angeles Tourism & Convention Board
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,492,818 | 19,623,641 | −130,823 | -1.1 | 32% |
| 2012 | 26,947,825 | 26,671,587 | 276,238 | -2.0 | 29% |
| 2013 | 32,833,213 | 31,782,278 | 1,050,935 | -0.8 | 32% |
| 2014 | 38,341,254 | 37,743,856 | 597,398 | -0.6 | 29% |
| 2015 | 43,755,672 | 43,258,891 | 496,781 | -0.6 | 27% |
| 2016 | 48,340,882 | 47,272,651 | 1,068,231 | -1.1 | 27% |
| 2017 | 49,327,014 | 50,237,929 | −910,915 | -0.7 | 26% |
| 2018 | 56,556,270 | 52,414,099 | 4,142,171 | 0.8 | 29% |
| 2019 | 58,707,062 | 59,138,386 | −431,324 | 0.4 | 28% |
| 2020 | 43,111,911 | 42,425,049 | 686,862 | 0.8 | 33% |
| 2021 | 21,164,251 | 19,952,758 | 1,211,493 | 4.0 | 28% |
| 2022 | 43,005,327 | 36,967,443 | 6,037,884 | 3.7 | 24% |
| 2023 | 54,707,666 | 50,748,352 | 3,959,314 | 3.9 | 26% |
In its most recent public year (2023), this organization brought in $3,959,314 more than it spent. Its reserves stood at about 3.9 months of spending, up from -1.1 in 2011. Staff pay was 26% of spending. $16,590,202 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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