Asian Community & Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 375,577 | 326,309 | 49,268 | 3.0 | 61% |
| 2012 | 267,555 | 272,077 | −4,522 | 3.8 | 59% |
| 2013 | 172,529 | 202,194 | −29,665 | 3.3 | 59% |
| 2014 | 164,706 | 171,811 | −7,105 | 3.4 | 67% |
| 2015 | 333,348 | 257,055 | 76,293 | 5.8 | 66% |
| 2016 | 471,844 | 376,719 | 95,125 | 7.0 | 66% |
| 2017 | 507,531 | 467,352 | 40,179 | 6.7 | 63% |
| 2018 | 672,455 | 567,966 | 104,489 | 7.7 | 64% |
| 2019 | 718,785 | 612,651 | 106,134 | 9.2 | 69% |
| 2020 | 1,298,303 | 760,056 | 538,247 | 15.9 | 58% |
| 2021 | 971,306 | 932,752 | 38,554 | 14.6 | 62% |
| 2022 | 1,727,563 | 1,502,331 | 225,232 | 10.9 | 67% |
| 2023 | 1,662,870 | 1,634,612 | 28,258 | 10.2 | 70% |
In its most recent public year (2023), this organization brought in $28,258 more than it spent. Its reserves stood at about 10.2 months of spending, up from 3 in 2011. Staff pay was 70% of spending. $122,083 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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