Institute Of Cultural Affairs
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,113,487 | 1,120,198 | −6,711 | 1.4 | 16% |
| 2012 | 744,810 | 839,278 | −94,468 | 0.5 | 26% |
| 2013 | 673,035 | 473,608 | 199,427 | 6.0 | 23% |
| 2014 | 656,871 | 478,299 | 178,572 | 10.4 | 31% |
| 2015 | 586,859 | 712,372 | −125,513 | 4.9 | 35% |
| 2016 | 602,347 | 689,128 | −86,781 | 3.5 | 39% |
| 2017 | 593,786 | 651,247 | −57,461 | 2.7 | 41% |
| 2018 | 680,015 | 653,785 | 26,230 | 3.1 | 46% |
| 2019 | 716,325 | 776,549 | −60,224 | 1.7 | 49% |
| 2020 | 657,816 | 537,789 | 120,027 | 5.1 | 46% |
| 2021 | 1,845,431 | 1,780,856 | 64,575 | 2.0 | 8% |
| 2022 | 1,383,482 | 1,533,094 | −149,612 | 1.1 | 11% |
| 2023 | 1,700,606 | 1,719,415 | −18,809 | 0.9 | 12% |
In its most recent public year (2023), this organization spent $18,809 more than it brought in. Its reserves stood at about 0.9 months of spending. Staff pay was 12% of spending. $168,302 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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