Federal City Performing Arts Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,344,211 | 914,596 | 429,615 | 13.4 | 51% |
| 2022 | 1,349,824 | 1,257,724 | 92,100 | 10.6 | 49% |
| 2023 | 1,332,095 | 1,619,507 | −287,412 | 6.1 | 43% |
In its most recent public year (2023), this organization spent $287,412 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 13.4 in 2021. Staff pay was 43% 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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