Asian Festival Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 173,027 | 38,850 | 134,177 | 243.3 | 0% |
| 2021 | 186,814 | 76,572 | 110,242 | 140.7 | 0% |
| 2022 | 202,303 | 92,262 | 110,041 | 131.1 | 0% |
| 2023 | 362,047 | 360,119 | 1,928 | 33.7 | 0% |
In its most recent public year (2023), this organization brought in $1,928 more than it spent. Its reserves stood at about 33.7 months of spending, down from 243.3 in 2020. Staff pay was 0% 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 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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