Village Center For The Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 152,552 | 169,625 | −17,073 | 3.6 | 36% |
| 2021 | 335,594 | 219,388 | 116,206 | 9.2 | 33% |
| 2022 | 315,445 | 345,790 | −30,345 | 4.8 | 49% |
| 2023 | 306,637 | 366,330 | −59,693 | 2.6 | 52% |
In its most recent public year (2023), this organization spent $59,693 more than it brought in. Its reserves stood at about 2.6 months of spending. Staff pay was 52% 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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