Logo for "Latin Americans for Social and Economic Development"

Latin Americans for Social and Economic Development

Latin Americans for Social and Economic Development

Detroit, MI, US
501(c)3
EIN
38-1892670
Logo for "Latin Americans for Social and Economic Development"

Latin Americans for Social and Economic Development

Detroit, MI, US
501(c)3
EIN
38-1892670

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,245,465

Contributions
49%
Government Grants
39%
Other
9%
Program Services
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$1,253,348

Salaries & Benefits
60%
Other
20%
Depreciation
10%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$551,080
$604,157
+10%
Government Grants
$499,193
$490,072
-2%
Fundraising Events
$0
$0
-
Program Services
$30,133
$36,122
+20%
Membership Dues
$0
$0
-
Investments
$18,067
$4,147
-77%
Other
$96,640
$110,967
+15%
Total Revenues
$1,195,113
$1,245,465
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$670,782
$756,898
+13%
Fees to Service Providers
$40,500
$33,908
-16%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$50,612
$77,303
+53%
Interest
$0
$0
-
Depreciation
$101,734
$131,399
+29%
Other
$222,444
$253,840
+14%
Total Expenses
$1,086,072
$1,253,348
+15%
Net income
2023
2024
Change
Net income
+$109,041
-$7,883
-107%
Functional Expenses
Summary
2023
2024
Change
Program
$1,015,439
$1,217,497
+20%
Admin
$70,633
$35,851
-49%
Fundraising
$0
$0
-
Total Expenses
$1,086,072
$1,253,348
+15%
Income Statement
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