The Vero Beach Italian American Civic Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 144,354 | 173,942 | −29,588 | 4.5 | 6% |
| 2013 | 104,144 | 124,544 | −20,400 | 4.3 | 5% |
| 2014 | 145,187 | 98,926 | 46,261 | 11.1 | 10% |
| 2015 | 85,263 | 84,225 | 1,038 | 13.2 | 11% |
| 2016 | 90,002 | 91,315 | −1,313 | 12.0 | 11% |
| 2017 | 111,701 | 139,498 | −27,797 | 5.4 | 11% |
| 2018 | 99,435 | 120,722 | −21,287 | 4.2 | 14% |
| 2019 | 96,360 | 111,099 | −14,739 | 2.9 | 7% |
| 2020 | 66,337 | 86,943 | −20,606 | 0.9 | 7% |
| 2021 | 54,341 | 104,787 | −50,446 | -5.0 | 11% |
| 2022 | 115,650 | 111,090 | 4,560 | -4.2 | 9% |
| 2023 | 137,456 | 110,438 | 27,018 | -1.3 | 8% |
In its most recent public year (2023), this organization brought in $27,018 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 4.5 in 2012. Staff pay was 8% 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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