Irish Festivals Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 516,817 | 808,116 | −291,299 | 40.4 | 43% |
| 2021 | 3,527,102 | 2,450,638 | 1,076,464 | 18.7 | 12% |
| 2022 | 2,763,753 | 3,074,289 | −310,536 | 12.8 | 9% |
| 2023 | 3,034,284 | 3,169,454 | −135,170 | 12.3 | 9% |
In its most recent public year (2023), this organization spent $135,170 more than it brought in. Its reserves stood at about 12.3 months of spending, down from 40.4 in 2020. Staff pay was 9% of spending. $171,016 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
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