Downtown Art Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 69,463 | 70,274 | −811 | 615.8 | 0% |
| 2021 | 96,639 | 59,464 | 37,175 | 731.3 | 0% |
| 2022 | 54,839 | 50,861 | 3,978 | 853.6 | 0% |
| 2023 | 55,462 | 71,370 | −15,908 | 605.6 | 0% |
In its most recent public year (2023), this organization spent $15,908 more than it brought in. Its reserves stood at about 605.6 months of spending, down from 615.8 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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