Venice Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 379,488 | 409,572 | −30,084 | 29.0 | 26% |
| 2012 | 525,874 | 432,423 | 93,451 | 30.0 | 24% |
| 2013 | 483,919 | 438,138 | 45,781 | 30.9 | 26% |
| 2014 | 568,632 | 551,626 | 17,006 | 24.9 | 23% |
| 2015 | 583,089 | 616,713 | −33,624 | 21.6 | 24% |
| 2016 | 706,422 | 680,377 | 26,045 | 20.1 | 24% |
| 2017 | 666,005 | 684,520 | −18,515 | 20.5 | 28% |
| 2018 | 733,014 | 687,119 | 45,895 | 21.0 | 26% |
| 2019 | 748,454 | 746,417 | 2,037 | 19.6 | 27% |
| 2020 | 507,635 | 580,007 | −72,372 | 24.0 | 30% |
| 2021 | 1,722,400 | 541,042 | 1,181,358 | 52.0 | 28% |
| 2022 | 573,490 | 730,069 | −156,579 | 35.6 | 38% |
In its most recent public year (2022), this organization spent $156,579 more than it brought in. Its reserves stood at about 35.6 months of spending, up from 29 in 2011. Staff pay was 38% of spending. $158,985 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 2022. 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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