Hongyun Art Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 40,266 | 116,642 | −76,376 | 21.6 | — |
| 2021 | 16,549 | 95,844 | −79,295 | 16.4 | — |
| 2022 | 18,609 | 54,352 | −35,743 | 21.0 | — |
| 2023 | 78,774 | 97,759 | −18,985 | 9.3 | — |
In its most recent public year (2023), this organization spent $18,985 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 21.6 in 2020.
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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