Newark Performing Arts Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,598,968 | 1,515,951 | 83,017 | 9.8 | 51% |
| 2020 | 2,250,199 | 1,409,805 | 840,394 | 17.7 | 46% |
| 2021 | 2,849,620 | 1,245,419 | 1,604,201 | 33.3 | 39% |
| 2022 | 2,749,827 | 2,541,074 | 208,753 | 11.6 | 48% |
| 2023 | 5,167,407 | 5,358,138 | −190,731 | 5.8 | 22% |
In its most recent public year (2023), this organization spent $190,731 more than it brought in. Its reserves stood at about 5.8 months of spending, down from 9.8 in 2019. Staff pay was 22% 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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