Newton Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,263,225 | 1,139,778 | 123,447 | 4.9 | 7% |
| 2021 | 1,220,357 | 1,132,866 | 87,491 | 5.8 | 52% |
| 2022 | 1,774,490 | 1,601,329 | 173,161 | 5.4 | 46% |
| 2023 | 2,036,213 | 2,067,100 | −30,887 | 4.0 | 46% |
In its most recent public year (2023), this organization spent $30,887 more than it brought in. Its reserves stood at about 4 months of spending. Staff pay was 46% of spending. $59,597 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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