Palace Performing Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,467,210 | 3,682,092 | −214,882 | 3.2 | 29% |
| 2021 | 3,087,630 | 1,078,138 | 2,009,492 | 33.3 | 51% |
| 2022 | 5,301,344 | 3,421,648 | 1,879,696 | 17.1 | 28% |
| 2023 | 4,216,101 | 4,067,894 | 148,207 | 14.8 | 25% |
In its most recent public year (2023), this organization brought in $148,207 more than it spent. Its reserves stood at about 14.8 months of spending, up from 3.2 in 2020. Staff pay was 25% 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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