National Black Arts Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 832,108 | 704,984 | 127,124 | 11.1 | 36% |
| 2021 | 1,260,210 | 917,873 | 342,337 | 13.0 | 24% |
| 2022 | 1,183,028 | 1,108,341 | 74,687 | 11.5 | 31% |
| 2023 | 1,228,775 | 1,537,893 | −309,118 | 5.9 | 32% |
In its most recent public year (2023), this organization spent $309,118 more than it brought in. Its reserves stood at about 5.9 months of spending, down from 11.1 in 2020. Staff pay was 32% of spending. $163,588 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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