Nova Arts Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 230,015 | 243,071 | −13,056 | -4.6 | 26% |
| 2011 | 260,222 | 229,324 | 30,898 | -3.7 | 12% |
| 2012 | 211,066 | 216,541 | −5,475 | -4.2 | 2% |
| 2013 | 219,877 | 202,191 | 17,686 | -3.7 | 18% |
| 2014 | 223,881 | 222,969 | 912 | -3.1 | 27% |
| 2015 | 371,412 | 394,039 | −22,627 | -2.4 | 15% |
| 2016 | 209,534 | 224,083 | −14,549 | -5.0 | 29% |
| 2017 | 258,593 | 236,987 | 21,606 | -3.7 | 14% |
| 2018 | 311,034 | 248,966 | 62,068 | -0.4 | 8% |
| 2019 | 199,234 | 211,061 | −11,827 | -1.1 | 19% |
| 2020 | 131,579 | 139,263 | −7,684 | -2.4 | 28% |
| 2021 | 103,726 | 142,218 | −38,492 | -5.6 | 32% |
| 2022 | 188,318 | 196,405 | −8,087 | -4.6 | 23% |
| 2023 | 327,247 | 355,936 | −28,689 | -2.1 | 16% |
In its most recent public year (2023), this organization spent $28,689 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), up from -4.6 in 2010. Staff pay was 16% 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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