Madison Avenue School Of Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,718,029 | 6,605,382 | 112,647 | 0.2 | 0% |
| 2021 | 6,225,642 | 6,137,870 | 87,772 | 0.4 | 0% |
| 2022 | 7,828,531 | 7,295,769 | 532,762 | -6.4 | 0% |
| 2023 | 8,458,834 | 8,065,023 | 393,811 | -5.2 | 0% |
In its most recent public year (2023), this organization brought in $393,811 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.2 months), down from 0.2 in 2020. 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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