THE PHILADELPHIA SOCIETY OF FREE LETTS
Mission Statement
The Philadelphia Society of Free Letts (aka The Latvian Society of Philadelphia) is a non-profit cultural organization that has been a part of Philadelphia for 126 years celebrating and sharing information about Latvia and Latvians in and around Philadelphia. The Society has also recently been fortunate enough to be a part of the larger arts and cultural community in Philadelphia by providing space for the performing arts and hosting other arts and cultural events. As we come to the end of our 126th anniversary celebrations and are making plans for our Winter Holiday Fair and Festival, which is rapidly approaching on Dec. 1st, 2018, we are looking for the support of the local community. Every year we are proud to feature products and services from regional businesses as a part our holiday raffle. We greatly appreciate the generosity that our sponsors have given us in the past, and we'd like to invite you to support this event and our organization this year.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 82.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
46.9% | 35.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.8 mo | 18.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.2% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
48.6% | 90.6% |
P10P90
|
Top quarter |
|
Surplus margin
Surplus as a share of revenue
|
11.0% | 9.0% |
P10P90
|
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