Living Arts Trust Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 736,167 | 816,688 | −80,521 | 0.8 | 27% |
| 2019 | 1,469,976 | 617,626 | 852,350 | 17.6 | 36% |
| 2020 | 421,275 | 351,068 | 70,207 | 33.4 | 48% |
| 2021 | 561,577 | 402,628 | 158,949 | 34.0 | 43% |
| 2022 | 413,733 | 477,060 | −63,327 | 27.1 | 33% |
In its most recent public year (2022), this organization spent $63,327 more than it brought in. Its reserves stood at about 27.1 months of spending, up from 0.8 in 2018. Staff pay was 33% of spending. $1,049,174 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 2022. 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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