Institute Artes Liberales Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 13,737 | 560,010 | −546,273 | 24.3 | 77% |
| 2021 | 61,414 | 501,787 | −440,373 | 15.1 | 79% |
| 2022 | 801,284 | 388,608 | 412,676 | 11.9 | 69% |
| 2023 | 338,237 | 407,487 | −69,250 | 9.9 | 57% |
In its most recent public year (2023), this organization spent $69,250 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 24.3 in 2020. Staff pay was 57% 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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