Fort Point Arts Community Inc Of South Boston
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 198,434 | 193,381 | 5,053 | 2.6 | — |
| 2021 | 320,373 | 264,233 | 56,140 | 9.1 | 31% |
| 2022 | 151,734 | 275,623 | −123,889 | 3.4 | — |
| 2024 | 509,549 | 319,930 | 189,619 | 7.4 | 33% |
In its most recent public year (2024), this organization brought in $189,619 more than it spent. Its reserves stood at about 7.4 months of spending, up from 2.6 in 2020. Staff pay was 33% of spending.
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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