Reforming Arts Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 168,714 | 96,653 | 72,061 | 9.4 | — |
| 2020 | 50,295 | 122,976 | −72,681 | 0.4 | — |
| 2021 | 97,508 | 139,928 | −42,420 | -3.3 | — |
| 2022 | 118,631 | 166,163 | −47,532 | -6.2 | — |
| 2023 | 69,547 | 183,417 | −113,870 | -13.1 | — |
In its most recent public year (2023), this organization spent $113,870 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.1 months), down from 9.4 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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