Fine Arts Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 328,752 | 329,392 | −640 | 10.1 | 0% |
| 2017 | 128,081 | 89,715 | 38,366 | 42.5 | — |
| 2018 | 149,183 | 137,052 | 12,131 | 28.0 | — |
| 2019 | 82,875 | 131,309 | −48,434 | 24.8 | — |
| 2020 | 61,856 | 159,285 | −97,429 | 13.1 | — |
In its most recent public year (2020), this organization spent $97,429 more than it brought in. Its reserves stood at about 13.1 months of spending, up from 10.1 in 2016.
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 2020. 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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