Palace Theatre Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,469,879 | 2,420,581 | 49,298 | 11.4 | 34% |
| 2012 | 2,730,294 | 2,714,718 | 15,576 | 10.2 | 35% |
| 2013 | 3,387,821 | 2,954,845 | 432,976 | 11.3 | 34% |
| 2014 | 4,297,623 | 3,517,289 | 780,334 | 12.4 | 30% |
| 2015 | 3,804,777 | 3,712,271 | 92,506 | 12.1 | 33% |
| 2016 | 4,076,702 | 3,979,201 | 97,501 | 11.5 | 36% |
| 2017 | 4,359,783 | 4,171,391 | 188,392 | 11.7 | 34% |
| 2018 | 8,661,826 | 4,856,795 | 3,805,031 | 19.6 | 33% |
| 2019 | 5,852,391 | 5,161,343 | 691,048 | 20.3 | 32% |
| 2020 | 4,561,211 | 4,707,793 | −146,582 | 21.7 | 31% |
| 2021 | 3,596,163 | 3,391,471 | 204,692 | 35.3 | 39% |
| 2022 | 8,795,217 | 5,959,202 | 2,836,015 | 24.1 | 33% |
| 2023 | 6,859,427 | 6,470,757 | 388,670 | 24.0 | 34% |
In its most recent public year (2023), this organization brought in $388,670 more than it spent. Its reserves stood at about 24 months of spending, up from 11.4 in 2011. Staff pay was 34% of spending. $5,846,796 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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