516 Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 395,799 | 362,694 | 33,105 | 1.5 | 40% |
| 2012 | 1,389,070 | 1,313,863 | 75,207 | 1.1 | 13% |
| 2013 | 402,556 | 511,202 | −108,646 | 0.3 | 33% |
| 2014 | 532,967 | 537,655 | −4,688 | 0.2 | 33% |
| 2015 | 464,713 | 451,051 | 13,662 | 0.5 | 42% |
| 2016 | 494,983 | 448,928 | 46,055 | 1.8 | 40% |
| 2017 | 494,750 | 490,328 | 4,422 | 1.8 | 35% |
| 2018 | 704,106 | 574,797 | 129,309 | 4.2 | 30% |
| 2019 | 573,341 | 551,746 | 21,595 | 4.9 | 34% |
| 2020 | 1,678,157 | 676,748 | 1,001,409 | 21.7 | 32% |
| 2021 | 779,357 | 563,132 | 216,225 | 30.7 | 40% |
| 2022 | 972,926 | 723,501 | 249,425 | 28.1 | 44% |
| 2023 | 535,013 | 715,709 | −180,696 | 25.3 | 51% |
In its most recent public year (2023), this organization spent $180,696 more than it brought in. Its reserves stood at about 25.3 months of spending, up from 1.5 in 2011. Staff pay was 51% of spending. $520,000 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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