Foundation For Italian Art And Culture
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 235,029 | 119,444 | 115,585 | 30.5 | 0% |
| 2012 | 189,733 | 161,467 | 28,266 | 24.9 | 0% |
| 2013 | 190,260 | 214,391 | −24,131 | 17.4 | 0% |
| 2014 | 209,733 | 204,625 | 5,108 | 18.5 | 29% |
| 2015 | 190,957 | 144,510 | 46,447 | 30.1 | — |
| 2016 | 250,046 | 193,996 | 56,050 | 25.9 | 34% |
| 2017 | 235,601 | 208,909 | 26,692 | 24.1 | 31% |
| 2018 | 248,681 | 244,279 | 4,402 | 20.8 | 27% |
| 2019 | 254,923 | 253,621 | 1,302 | 20.1 | 26% |
| 2020 | 211,215 | 169,120 | 42,095 | 33.2 | 38% |
| 2021 | 48,807 | 121,314 | −72,507 | 39.1 | 39% |
| 2022 | 295,183 | 197,344 | 97,839 | 30.0 | 35% |
| 2023 | 276,932 | 200,395 | 76,537 | 35.2 | 32% |
In its most recent public year (2023), this organization brought in $76,537 more than it spent. Its reserves stood at about 35.2 months of spending, up from 30.5 in 2011. Staff pay was 32% 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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