Italian-American Lawyers Assn Los Angeles Robert Palazzo
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 63,204 | 70,945 | −7,741 | 3.0 | 0% |
| 2021 | 32,368 | 33,291 | −923 | 6.1 | 0% |
| 2022 | 89,407 | 83,355 | 6,052 | 3.3 | 0% |
| 2023 | 167,623 | 166,658 | 965 | 1.7 | 0% |
In its most recent public year (2023), this organization brought in $965 more than it spent. Its reserves stood at about 1.7 months of spending, down from 3 in 2020. Staff pay was 0% 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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