Italian American Cultural Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,409,444 | 1,420,021 | −10,577 | 18.1 | 24% |
| 2012 | 1,613,257 | 1,654,768 | −41,511 | 17.5 | 26% |
| 2013 | 1,274,642 | 1,335,740 | −61,098 | 21.1 | 32% |
| 2014 | 1,353,232 | 1,364,593 | −11,361 | 20.5 | 37% |
| 2015 | 1,397,750 | 1,385,541 | 12,209 | 20.3 | 36% |
| 2016 | 1,892,363 | 1,874,795 | 17,568 | 15.1 | 32% |
| 2017 | 2,263,806 | 2,113,915 | 149,891 | 14.3 | 35% |
| 2018 | 2,139,016 | 2,164,302 | −25,286 | 13.8 | 39% |
| 2019 | 2,356,611 | 2,376,439 | −19,828 | 12.4 | 40% |
| 2020 | 1,171,605 | 1,455,309 | −283,704 | 17.9 | 40% |
| 2021 | 2,506,319 | 2,361,233 | 145,086 | 13.3 | 37% |
| 2022 | 3,274,312 | 3,298,615 | −24,303 | 9.5 | 36% |
| 2023 | 3,595,545 | 3,509,053 | 86,492 | 9.2 | 40% |
In its most recent public year (2023), this organization brought in $86,492 more than it spent. Its reserves stood at about 9.2 months of spending, down from 18.1 in 2011. Staff pay was 40% of spending. $5,004 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
Italian American Cultural Society's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works