Festival Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 551,600 | 819,600 | −268,000 | 50.2 | 7% |
| 2012 | 574,238 | 785,030 | −210,792 | 49.2 | 8% |
| 2013 | 530,296 | 782,306 | −252,010 | 45.6 | 8% |
| 2014 | 707,604 | 792,841 | −85,237 | 43.7 | 8% |
| 2015 | 634,514 | 681,700 | −47,186 | 49.9 | 36% |
| 2016 | 596,623 | 709,872 | −113,249 | 46.0 | 37% |
| 2017 | 1,427,520 | 777,158 | 650,362 | 53.2 | 41% |
| 2018 | 886,619 | 642,344 | 244,275 | 65.5 | 38% |
| 2019 | 1,018,346 | 742,487 | 275,859 | 64.5 | 32% |
| 2020 | 626,533 | 753,531 | −126,998 | 64.5 | 36% |
| 2021 | 1,163,432 | 748,269 | 415,163 | 68.8 | 37% |
| 2022 | 710,575 | 933,394 | −222,819 | 49.0 | 33% |
| 2023 | 1,468,661 | 1,724,921 | −256,260 | 24.8 | 31% |
In its most recent public year (2023), this organization spent $256,260 more than it brought in. Its reserves stood at about 24.8 months of spending, down from 50.2 in 2011. Staff pay was 31% of spending. $268,839 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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