Arts Place Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,105,721 | 707,476 | 398,245 | 66.4 | 44% |
| 2021 | 835,648 | 672,522 | 163,126 | 77.4 | 45% |
| 2022 | 893,767 | 898,020 | −4,253 | 55.9 | 37% |
| 2023 | 646,822 | 835,721 | −188,899 | 58.9 | 34% |
In its most recent public year (2023), this organization spent $188,899 more than it brought in. Its reserves stood at about 58.9 months of spending, down from 66.4 in 2020. Staff pay was 34% of spending. $1,455,097 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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