Italian American Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 185,273 | 179,551 | 5,722 | 12.3 | 0% |
| 2012 | 176,655 | 210,407 | −33,752 | 13.7 | 0% |
| 2013 | 170,784 | 176,228 | −5,444 | 16.0 | 0% |
| 2014 | 232,259 | 84,185 | 148,074 | 54.6 | 0% |
| 2015 | 344,943 | 275,828 | 69,115 | 19.7 | 0% |
| 2016 | 304,293 | 308,879 | −4,586 | 17.4 | 0% |
| 2017 | 378,169 | 329,790 | 48,379 | 18.1 | 0% |
| 2018 | 326,521 | 314,757 | 11,764 | 19.4 | 0% |
| 2019 | 309,889 | 332,695 | −22,806 | 24.7 | 0% |
| 2020 | 32,492 | 101,058 | −68,566 | 70.9 | 0% |
| 2021 | 1,555,433 | 287,362 | 1,268,071 | 77.9 | 0% |
| 2022 | 1,153,534 | 267,014 | 886,520 | 123.7 | 0% |
| 2023 | 178,326 | 173,696 | 4,630 | 190.4 | 0% |
In its most recent public year (2023), this organization brought in $4,630 more than it spent. Its reserves stood at about 190.4 months of spending, up from 12.3 in 2011. Staff pay was 0% of spending. $192,870 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 Center'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