Nuvo Cultural Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 83,438 | 127,594 | −44,156 | 1.6 | 58% |
| 2020 | 18,128 | 30,791 | −12,663 | 1.6 | 22% |
| 2021 | 48,098 | 11,752 | 36,346 | 41.2 | 61% |
| 2022 | 30,703 | 17,994 | 12,709 | 32.6 | 0% |
| 2023 | 44,346 | 38,294 | 6,052 | 14.8 | 0% |
In its most recent public year (2023), this organization brought in $6,052 more than it spent. Its reserves stood at about 14.8 months of spending, up from 1.6 in 2019. Staff pay was 0% 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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