Foundation For Mexican Art And Culture
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 414,250 | 225,474 | 188,776 | 10.4 | 0% |
| 2021 | 1,149,569 | 288,769 | 860,800 | 43.9 | 0% |
| 2022 | 570,882 | 248,566 | 322,316 | 66.5 | 5% |
| 2023 | 371,222 | 409,496 | −38,274 | 39.2 | 1% |
In its most recent public year (2023), this organization spent $38,274 more than it brought in. Its reserves stood at about 39.2 months of spending, up from 10.4 in 2020. Staff pay was 1% 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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