Italian American Civic Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 82,213 | 97,062 | −14,849 | 3.0 | 16% |
| 2021 | 216,756 | 106,481 | 110,275 | 15.1 | 39% |
| 2022 | 143,146 | 124,546 | 18,600 | 13.9 | 44% |
| 2023 | 174,088 | 135,603 | 38,485 | 14.4 | 46% |
In its most recent public year (2023), this organization brought in $38,485 more than it spent. Its reserves stood at about 14.4 months of spending, up from 3 in 2020. Staff pay was 46% 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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