Bridgeport Arts & Cultural Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 65,308 | 74,061 | −8,753 | 1.1 | — |
| 2020 | 105,078 | 91,489 | 13,589 | 3.3 | — |
| 2021 | 182,520 | 201,060 | −18,540 | 0.2 | — |
| 2022 | 68,937 | 76,375 | −7,438 | 1.1 | — |
| 2023 | 56,372 | 27,258 | 29,114 | 15.6 | — |
In its most recent public year (2023), this organization brought in $29,114 more than it spent. Its reserves stood at about 15.6 months of spending, up from 1.1 in 2019.
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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