Cornerstone Academy Of Performing Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 98,358 | 88,719 | 9,639 | 1.9 | — |
| 2016 | 134,136 | 119,880 | 14,256 | 2.8 | — |
| 2017 | 151,228 | 147,779 | 3,449 | 2.6 | — |
| 2019 | 224,629 | 224,384 | 245 | 2.0 | 37% |
| 2020 | 168,949 | 217,425 | −48,476 | -1.4 | — |
| 2021 | 168,338 | 220,653 | −52,315 | -2.3 | — |
| 2022 | 234,562 | 256,637 | −22,075 | -2.1 | 41% |
In its most recent public year (2022), this organization spent $22,075 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), down from 1.9 in 2015. Staff pay was 41% 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 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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