Foundation For Independent Artists Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,873,197 | 1,639,774 | 233,423 | 7.8 | 29% |
| 2021 | 2,602,662 | 1,698,784 | 903,878 | 13.9 | 27% |
| 2022 | 4,647,343 | 3,046,292 | 1,601,051 | 14.1 | 29% |
| 2023 | 2,818,164 | 3,617,227 | −799,063 | 9.1 | 32% |
| 2024 | 3,187,143 | 4,006,562 | −819,419 | 5.7 | 29% |
In its most recent public year (2024), this organization spent $819,419 more than it brought in. Its reserves stood at about 5.7 months of spending, down from 7.8 in 2020. Staff pay was 29% of spending. $391,637 of its net assets are donor-restricted.
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 2024. 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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