Portsmouth Music And Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 405,326 | 410,742 | −5,416 | -0.2 | 71% |
| 2012 | 441,087 | 459,765 | −18,678 | 0.2 | 65% |
| 2013 | 807,647 | 472,703 | 334,944 | 8.7 | 69% |
| 2014 | 847,649 | 584,662 | 262,987 | 12.5 | 62% |
| 2015 | 676,992 | 685,229 | −8,237 | 10.5 | 65% |
| 2016 | 825,746 | 829,560 | −3,814 | 8.6 | 65% |
| 2017 | 954,666 | 814,009 | 140,657 | 10.8 | 68% |
| 2018 | 837,686 | 843,135 | −5,449 | 10.4 | 9% |
| 2019 | 904,608 | 927,217 | −22,609 | 9.2 | 9% |
| 2020 | 972,968 | 982,492 | −9,524 | 8.5 | 69% |
| 2021 | 984,486 | 1,036,686 | −52,200 | 7.5 | 67% |
| 2022 | 1,079,924 | 1,045,458 | 34,466 | 7.8 | 66% |
| 2023 | 1,264,095 | 1,211,619 | 52,476 | 7.3 | 64% |
In its most recent public year (2023), this organization brought in $52,476 more than it spent. Its reserves stood at about 7.3 months of spending, up from -0.2 in 2011. Staff pay was 64% of spending. $71,990 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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