Latin Academy Of Recording Arts & Sciences Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 18,467,626 | 15,183,661 | 3,283,965 | 24.7 | 33% |
| 2022 | 23,723,068 | 19,953,250 | 3,769,818 | 21.2 | 26% |
| 2023 | 25,056,677 | 23,721,638 | 1,335,039 | 17.7 | 26% |
| 2024 | 41,304,325 | 37,445,344 | 3,858,981 | 13.0 | 18% |
In its most recent public year (2024), this organization brought in $3,858,981 more than it spent. Its reserves stood at about 13 months of spending, down from 24.7 in 2021. Staff pay was 18% 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 2024. 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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