Palace Renaissance Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 406,659 | 309,773 | 96,886 | -25.4 | 2% |
| 2012 | 454,659 | 192,676 | 261,983 | -22.8 | 0% |
| 2013 | 525,959 | 273,130 | 252,829 | -4.9 | 0% |
| 2014 | 281,120 | 273,309 | 7,811 | 0.1 | 0% |
| 2015 | 241,544 | 278,459 | −36,915 | 1.6 | 0% |
| 2016 | 358,937 | 260,010 | 98,927 | 10.0 | 0% |
| 2017 | 238,024 | 366,174 | −128,150 | 2.9 | 0% |
| 2018 | 222,932 | 181,628 | 41,304 | 2.9 | 0% |
| 2019 | 222,898 | 763,995 | −541,097 | -7.8 | 0% |
| 2020 | 240,209 | 279,023 | −38,814 | -23.1 | 0% |
| 2021 | 215,526 | 181,687 | 33,839 | -33.2 | 0% |
| 2022 | 210,207 | 172,837 | 37,370 | -32.3 | 0% |
| 2023 | 211,453 | 223,364 | −11,911 | -25.6 | 0% |
In its most recent public year (2023), this organization spent $11,911 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-25.6 months). 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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