French Cultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,057,081 | 2,065,723 | −8,642 | 116.7 | 59% |
| 2021 | 2,479,852 | 2,046,984 | 432,868 | 134.1 | 57% |
| 2022 | 7,324,076 | 2,279,639 | 5,044,437 | 103.1 | 50% |
| 2023 | 1,794,104 | 2,690,715 | −896,611 | 87.8 | 46% |
In its most recent public year (2023), this organization spent $896,611 more than it brought in. Its reserves stood at about 87.8 months of spending, down from 116.7 in 2020. Staff pay was 46% of spending. $5,200,210 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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