Verdugo Tower Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 710,226 | 952,558 | −242,332 | 94.9 | 17% |
| 2012 | 754,573 | 1,042,846 | −288,273 | 83.4 | 16% |
| 2013 | 787,692 | 951,206 | −163,514 | 89.4 | 17% |
| 2014 | 831,595 | 980,405 | −148,810 | 84.9 | 18% |
| 2015 | 835,955 | 1,020,318 | −184,363 | 79.4 | 18% |
| 2016 | 836,465 | 1,029,199 | −192,734 | 76.5 | 18% |
| 2017 | 839,544 | 1,301,448 | −461,904 | 56.2 | 15% |
| 2018 | 863,993 | 1,158,677 | −294,684 | 60.1 | 18% |
| 2019 | 891,639 | 1,206,576 | −314,937 | 54.6 | 18% |
| 2020 | 914,683 | 1,161,549 | −246,866 | 54.1 | 20% |
| 2021 | 988,858 | 1,161,747 | −172,889 | 52.3 | 19% |
| 2022 | 993,944 | 1,234,352 | −240,408 | 46.9 | 18% |
| 2023 | 1,453,285 | 1,203,605 | 249,680 | 50.6 | 19% |
In its most recent public year (2023), this organization brought in $249,680 more than it spent. Its reserves stood at about 50.6 months of spending, down from 94.9 in 2011. Staff pay was 19% of spending. $217,418 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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