Foundation For Culinary Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 189,828 | 273,553 | −83,725 | 181.6 | 0% |
| 2012 | 395,591 | 292,790 | 102,801 | 160.7 | 0% |
| 2013 | 619,797 | 404,346 | 215,451 | 125.7 | 0% |
| 2014 | 559,736 | 540,973 | 18,763 | 103.2 | 0% |
| 2015 | 489,514 | 537,991 | −48,477 | 92.2 | 0% |
| 2016 | 1,603,198 | 484,701 | 1,118,497 | 119.8 | 4% |
| 2017 | 948,501 | 561,973 | 386,528 | 111.6 | 8% |
| 2018 | 625,031 | 536,382 | 88,649 | 118.9 | 9% |
| 2019 | 410,195 | 457,519 | −47,324 | 138.1 | 11% |
| 2020 | 209,223 | 640,270 | −431,047 | 90.6 | 8% |
| 2021 | 1,533,598 | 539,515 | 994,083 | 129.6 | 9% |
| 2022 | −610,958 | 583,066 | −1,194,024 | 95.4 | 10% |
In its most recent public year (2022), this organization spent $1,194,024 more than it brought in. Its reserves stood at about 95.4 months of spending, down from 181.6 in 2011. Staff pay was 10% of spending. $517,890 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 2022. 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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