Mlk Family Arts Mentoring Enrichment Community Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,666,887 | 261,235 | 2,405,652 | 111.8 | 0% |
| 2012 | 197,120 | 192,888 | 4,232 | 151.8 | 44% |
| 2013 | 212,042 | 227,503 | −15,461 | 126.4 | 40% |
| 2014 | 228,632 | 224,853 | 3,779 | 130.5 | 39% |
| 2015 | 266,653 | 242,380 | 24,273 | 120.0 | 38% |
| 2016 | 276,908 | 270,722 | 6,186 | 110.8 | 32% |
| 2017 | 289,084 | 247,454 | 41,630 | 119.9 | 36% |
| 2018 | 378,611 | 337,670 | 40,941 | 89.3 | 24% |
| 2019 | 386,827 | 464,587 | −77,760 | 62.9 | 26% |
| 2020 | 307,829 | 295,581 | 12,248 | 99.4 | 33% |
| 2021 | 339,669 | 360,240 | −20,571 | 79.9 | 34% |
| 2022 | 269,875 | 300,486 | −30,611 | 95.6 | 35% |
| 2023 | 324,071 | 299,222 | 24,849 | 97.4 | 29% |
In its most recent public year (2023), this organization brought in $24,849 more than it spent. Its reserves stood at about 97.4 months of spending, down from 111.8 in 2011. Staff pay was 29% of spending. $2,325,968 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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