Academy Of Performing Arts Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 484,487 | 205,499 | 278,988 | 15.9 | 4% |
| 2022 | 225,752 | 250,264 | −24,512 | 11.9 | 31% |
| 2023 | 588,238 | 302,289 | 285,949 | 21.2 | 32% |
| 2024 | 430,838 | 413,674 | 17,164 | 16.0 | 35% |
In its most recent public year (2024), this organization brought in $17,164 more than it spent. Its reserves stood at about 16 months of spending. Staff pay was 35% of spending. $11,600 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 2024. 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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