Asian Business Association Of Los Angeles Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 320,542 | 327,434 | −6,892 | 12.3 | 57% |
| 2021 | 1,913,490 | 1,399,330 | 514,160 | 7.3 | 18% |
| 2022 | 551,766 | 582,305 | −30,539 | 16.9 | 47% |
| 2023 | 566,768 | 599,451 | −32,683 | 15.7 | 43% |
In its most recent public year (2023), this organization spent $32,683 more than it brought in. Its reserves stood at about 15.7 months of spending, up from 12.3 in 2020. Staff pay was 43% 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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