New City Arts Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 45,166 | 35,848 | 9,318 | 3.7 | — |
| 2012 | 68,254 | 63,773 | 4,481 | 2.9 | — |
| 2013 | 67,519 | 54,697 | 12,822 | 6.3 | — |
| 2014 | 84,409 | 89,677 | −5,268 | 3.1 | — |
| 2015 | 90,550 | 74,722 | 15,828 | 6.3 | — |
| 2016 | 222,329 | 162,305 | 60,024 | 7.3 | 34% |
| 2017 | 189,005 | 185,292 | 3,713 | 6.7 | 41% |
| 2018 | 203,602 | 202,948 | 654 | 6.1 | 40% |
| 2019 | 217,513 | 191,355 | 26,158 | 8.1 | 46% |
| 2020 | 237,732 | 220,411 | 17,321 | 8.0 | 42% |
| 2021 | 173,445 | 200,828 | −27,383 | 7.1 | 50% |
| 2022 | 294,981 | 258,970 | 36,011 | 7.2 | 45% |
| 2023 | 318,117 | 279,277 | 38,840 | 8.4 | 57% |
In its most recent public year (2023), this organization brought in $38,840 more than it spent. Its reserves stood at about 8.4 months of spending, up from 3.7 in 2011. Staff pay was 57% of spending. $35,071 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
New City Arts Initiative's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works