Italian Cultural Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 486,372 | 493,597 | −7,225 | 7.6 | 22% |
| 2011 | 666,866 | 665,346 | 1,520 | 5.7 | 17% |
| 2012 | 390,477 | 427,380 | −36,903 | 7.8 | 29% |
| 2013 | 221,117 | 252,125 | −31,008 | 11.8 | 21% |
| 2014 | 273,509 | 270,363 | 3,146 | 12.9 | 27% |
| 2015 | 294,137 | 284,321 | 9,816 | 12.7 | 40% |
| 2016 | 330,346 | 312,854 | 17,492 | 12.2 | 37% |
| 2017 | 344,724 | 340,028 | 4,696 | 11.5 | 40% |
| 2018 | 416,885 | 403,356 | 13,529 | 10.1 | 34% |
| 2019 | 557,176 | 518,616 | 38,560 | 8.7 | 23% |
| 2020 | 517,882 | 514,932 | 2,950 | 8.8 | 23% |
| 2021 | 533,974 | 548,606 | −14,632 | 8.0 | 28% |
| 2022 | 654,280 | 650,082 | 4,198 | 6.8 | 27% |
| 2023 | 742,561 | 706,501 | 36,060 | 6.9 | 28% |
In its most recent public year (2023), this organization brought in $36,060 more than it spent. Its reserves stood at about 6.9 months of spending. Staff pay was 28% 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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