The New Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 254,061 | 267,325 | −13,264 | -2.5 | 9% |
| 2013 | 82,440 | 61,634 | 20,806 | -7.0 | 0% |
| 2014 | 130,996 | 70,854 | 60,142 | 4.1 | 0% |
| 2015 | 113,225 | 92,637 | 20,588 | 5.8 | 0% |
| 2016 | 245,103 | 205,743 | 39,360 | 4.9 | 0% |
| 2017 | 277,934 | 309,487 | −31,553 | 2.0 | 27% |
| 2018 | 481,458 | 462,516 | 18,942 | 1.8 | 36% |
| 2019 | 419,514 | 448,261 | −28,747 | 1.0 | 37% |
| 2020 | 626,160 | 568,885 | 57,275 | 2.0 | 43% |
| 2021 | 795,540 | 567,764 | 227,776 | 6.8 | 47% |
| 2022 | 977,456 | 737,191 | 240,265 | 9.2 | 36% |
| 2023 | 1,540,814 | 1,225,228 | 315,586 | 8.6 | 33% |
| 2024 | 1,894,326 | 1,690,156 | 204,170 | 7.8 | 31% |
In its most recent public year (2024), this organization brought in $204,170 more than it spent. Its reserves stood at about 7.8 months of spending, up from -2.5 in 2012. Staff pay was 31% 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 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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