International African Arts Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 174,749 | 158,942 | 15,807 | -0.9 | — |
| 2021 | 463,057 | 378,247 | 84,810 | 2.3 | 6% |
| 2022 | 408,923 | 561,867 | −152,944 | -1.7 | 8% |
| 2023 | 513,435 | 517,423 | −3,988 | -2.0 | 9% |
In its most recent public year (2023), this organization spent $3,988 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from -0.9 in 2020. Staff pay was 9% 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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