Torrance Cultural Arts Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 335,685 | 362,980 | −27,295 | 5.3 | 24% |
| 2012 | 451,615 | 443,201 | 8,414 | 4.4 | 25% |
| 2013 | 352,372 | 369,272 | −16,900 | 4.2 | 29% |
| 2014 | 256,844 | 376,701 | −119,857 | 0.3 | 30% |
| 2015 | 513,263 | 417,952 | 95,311 | 3.0 | 29% |
| 2016 | 433,801 | 395,633 | 38,168 | 4.3 | 35% |
| 2017 | 410,479 | 475,443 | −64,964 | 2.0 | 31% |
| 2018 | 399,379 | 465,142 | −65,763 | 0.3 | 30% |
| 2019 | 417,058 | 475,373 | −58,315 | -1.2 | 32% |
| 2020 | 543,628 | 398,927 | 144,701 | 2.9 | 39% |
| 2021 | 256,638 | 226,796 | 29,842 | 6.7 | 69% |
| 2022 | 312,387 | 317,385 | −4,998 | 4.6 | 49% |
| 2023 | 471,810 | 351,794 | 120,016 | 8.2 | 45% |
In its most recent public year (2023), this organization brought in $120,016 more than it spent. Its reserves stood at about 8.2 months of spending, up from 5.3 in 2011. Staff pay was 45% 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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