Palace Theater Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,012,697 | 4,876,778 | 135,919 | 7.6 | 15% |
| 2012 | 4,519,091 | 4,676,700 | −157,609 | 7.5 | 16% |
| 2013 | 4,397,700 | 4,541,215 | −143,515 | 7.6 | 16% |
| 2014 | 4,493,682 | 4,540,613 | −46,931 | 9.4 | 16% |
| 2015 | 4,822,681 | 4,927,608 | −104,927 | 8.5 | 17% |
| 2016 | 3,991,093 | 4,252,945 | −261,852 | 9.2 | 21% |
| 2017 | 5,793,018 | 5,241,162 | 551,856 | 9.1 | 16% |
| 2018 | 5,537,019 | 5,851,801 | −314,782 | 7.8 | 14% |
| 2019 | 4,478,641 | 4,981,537 | −502,896 | 8.2 | 17% |
| 2020 | 4,080,784 | 4,432,476 | −351,692 | 8.5 | 19% |
| 2021 | 1,652,838 | 1,433,664 | 219,174 | 33.9 | 34% |
| 2022 | 7,444,031 | 4,652,409 | 2,791,622 | 16.0 | 20% |
| 2023 | 4,864,444 | 4,770,377 | 94,067 | 16.5 | 22% |
In its most recent public year (2023), this organization brought in $94,067 more than it spent. Its reserves stood at about 16.5 months of spending, up from 7.6 in 2011. Staff pay was 22% of spending. $228,684 of its net assets are donor-restricted.
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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