For The Love Of The Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 29,335 | 23,206 | 6,129 | -2.4 | 24% |
| 2016 | 16,090 | 29,889 | −13,799 | 2.1 | 39% |
| 2022 | 126,536 | 80,823 | 45,713 | 5.7 | — |
| 2023 | 122,800 | 174,052 | −51,252 | -1.3 | — |
In its most recent public year (2023), this organization spent $51,252 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), up from -2.4 in 2015.
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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