Los Angeles Poverty Department
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 272,132 | 249,601 | 22,531 | 7.0 | 44% |
| 2020 | 357,122 | 298,263 | 58,859 | 8.2 | 40% |
| 2021 | 343,850 | 301,783 | 42,067 | 9.6 | 54% |
| 2022 | 318,631 | 329,716 | −11,085 | 8.4 | 58% |
| 2023 | 482,823 | 371,849 | 110,974 | 11.0 | 60% |
In its most recent public year (2023), this organization brought in $110,974 more than it spent. Its reserves stood at about 11 months of spending, up from 7 in 2019. Staff pay was 60% of spending. $62,500 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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