Pearson Lakes Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,034,479 | 763,103 | 271,376 | 149.6 | 40% |
| 2021 | 1,829,641 | 1,010,129 | 819,512 | 122.8 | 31% |
| 2022 | 569,715 | 1,085,442 | −515,727 | 108.5 | 28% |
| 2023 | 3,879,598 | 1,230,956 | 2,648,642 | 121.5 | 27% |
In its most recent public year (2023), this organization brought in $2,648,642 more than it spent. Its reserves stood at about 121.5 months of spending, down from 149.6 in 2020. Staff pay was 27% of spending. $3,548,381 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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