Korean Perfoming Arts Institute Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 300,765 | 307,395 | −6,630 | 0.4 | 21% |
| 2020 | 224,367 | 192,209 | 32,158 | 2.7 | 27% |
| 2021 | 345,155 | 308,861 | 36,294 | 3.1 | 48% |
| 2022 | 391,689 | 391,671 | 18 | 0.1 | 48% |
| 2023 | 476,278 | 474,589 | 1,689 | 0.1 | 44% |
In its most recent public year (2023), this organization brought in $1,689 more than it spent. Its reserves stood at about 0.1 months of spending. Staff pay was 44% 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 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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