Gems At The Arts- Arts Enrichment Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 298,056 | 297,228 | 828 | 8.9 | 20% |
| 2012 | 421,061 | 291,103 | 129,958 | 14.4 | 24% |
| 2013 | 263,979 | 308,784 | −44,805 | 11.9 | 26% |
| 2014 | 247,766 | 296,015 | −48,249 | 10.4 | 29% |
| 2015 | 289,971 | 313,185 | −23,214 | 8.3 | 14% |
| 2016 | 239,769 | 313,356 | −73,587 | 5.5 | 15% |
| 2017 | 265,285 | 294,385 | −29,100 | 4.7 | 14% |
| 2018 | 339,627 | 325,516 | 14,111 | 4.8 | 26% |
| 2019 | 280,061 | 312,600 | −32,539 | 3.7 | 32% |
| 2020 | 223,994 | 229,879 | −5,885 | 4.7 | 33% |
| 2021 | 242,881 | 204,402 | 38,479 | 7.6 | 47% |
| 2022 | 200,755 | 266,149 | −65,394 | 2.9 | 39% |
| 2023 | 246,725 | 398,430 | −151,705 | -2.7 | 43% |
In its most recent public year (2023), this organization spent $151,705 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.7 months), down from 8.9 in 2011. Staff pay was 43% 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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