Home Of Fine Arts Connection Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 119,949 | 114,441 | 5,508 | 2.3 | — |
| 2020 | 54,003 | 67,258 | −13,255 | 1.5 | — |
| 2021 | 62,812 | 47,109 | 15,703 | 6.2 | — |
| 2022 | 57,316 | 54,151 | 3,165 | 6.1 | — |
| 2023 | 88,449 | 78,177 | 10,272 | 5.8 | — |
In its most recent public year (2023), this organization brought in $10,272 more than it spent. Its reserves stood at about 5.8 months of spending, up from 2.3 in 2019.
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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