Seventh Art Corporation Of Ithaca
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 570,062 | 627,030 | −56,968 | 2.5 | 23% |
| 2011 | 757,153 | 698,311 | 58,842 | 3.2 | 23% |
| 2012 | 899,878 | 805,681 | 94,197 | 4.2 | 20% |
| 2013 | 809,295 | 736,785 | 72,510 | 5.8 | 21% |
| 2014 | 864,283 | 854,584 | 9,699 | 5.1 | 20% |
| 2015 | 824,089 | 868,485 | −44,396 | 4.4 | 24% |
| 2016 | 933,947 | 905,393 | 28,554 | 4.6 | 25% |
| 2017 | 966,833 | 948,793 | 18,040 | 4.6 | 24% |
| 2018 | 1,120,619 | 1,037,657 | 82,962 | 5.2 | 23% |
| 2019 | 977,906 | 983,979 | −6,073 | 5.4 | 24% |
| 2020 | 545,259 | 691,609 | −146,350 | 5.2 | 36% |
| 2021 | 951,045 | 662,658 | 288,387 | 10.6 | 31% |
| 2022 | 665,111 | 945,621 | −280,510 | 3.9 | 29% |
| 2023 | 1,065,290 | 923,816 | 141,474 | 5.8 | 29% |
In its most recent public year (2023), this organization brought in $141,474 more than it spent. Its reserves stood at about 5.8 months of spending, up from 2.5 in 2010. Staff pay was 29% 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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