Memorial Hall Center For The Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 65,692 | 84,456 | −18,764 | -1.5 | — |
| 2021 | 55,626 | 69,031 | −13,405 | -4.1 | — |
| 2022 | 89,637 | 97,901 | −8,264 | -3.9 | — |
| 2023 | 87,155 | 103,303 | −16,148 | -5.6 | — |
| 2024 | 104,681 | 93,797 | 10,884 | -4.8 | — |
In its most recent public year (2024), this organization brought in $10,884 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), down from -1.5 in 2020.
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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