Foluke Cultural Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 99,384 | 94,099 | 5,285 | 0.7 | 0% |
| 2020 | 185,884 | 48,153 | 137,731 | 34.3 | 0% |
| 2021 | 207,443 | 202,114 | 5,329 | 0.3 | 0% |
| 2022 | 390,882 | 297,896 | 92,986 | 3.7 | 4% |
| 2023 | 375,344 | 371,972 | 3,372 | 0.1 | 14% |
In its most recent public year (2023), this organization brought in $3,372 more than it spent. Its reserves stood at about 0.1 months of spending. Staff pay was 14% of spending.
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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