Canton Palace Theater Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 678,120 | 945,698 | −267,578 | 23.4 | 30% |
| 2021 | 671,724 | 620,818 | 50,906 | 36.8 | 29% |
| 2022 | 959,253 | 994,315 | −35,062 | 22.5 | 34% |
| 2023 | 869,824 | 982,927 | −113,103 | 21.4 | 36% |
In its most recent public year (2023), this organization spent $113,103 more than it brought in. Its reserves stood at about 21.4 months of spending, down from 23.4 in 2020. Staff pay was 36% of spending. $103,742 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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