Riverside Arts Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 66,134 | 7,872 | 58,262 | 88.8 | — |
| 2017 | 80,917 | 14,200 | 66,717 | 105.6 | — |
| 2018 | 158,171 | 80,050 | 78,121 | 30.4 | — |
| 2019 | 227,603 | 210,064 | 17,539 | 12.6 | 3% |
| 2020 | 411,801 | 211,053 | 200,748 | 24.0 | 36% |
| 2021 | 350,708 | 209,146 | 141,562 | 32.3 | 50% |
| 2022 | 485,375 | 455,666 | 29,709 | 15.6 | 47% |
| 2023 | 234,910 | 413,683 | −178,773 | 12.0 | 25% |
| 2024 | 388,024 | 293,522 | 94,502 | 20.8 | 19% |
In its most recent public year (2024), this organization brought in $94,502 more than it spent. Its reserves stood at about 20.8 months of spending, down from 88.8 in 2016. Staff pay was 19% 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 2024. 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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