Lower Manhattan Cultural Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,728,251 | 4,472,392 | 255,859 | 24.7 | 25% |
| 2021 | 4,161,213 | 4,398,322 | −237,109 | 24.5 | 23% |
| 2022 | 4,461,109 | 4,961,913 | −500,804 | 20.5 | 20% |
| 2023 | 5,022,154 | 5,415,486 | −393,332 | 17.9 | 20% |
In its most recent public year (2023), this organization spent $393,332 more than it brought in. Its reserves stood at about 17.9 months of spending, down from 24.7 in 2020. Staff pay was 20% of spending. $529,650 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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