Portuguese Cultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 499,785 | 573,214 | −73,429 | 48.6 | 7% |
| 2021 | 266,345 | 463,141 | −196,796 | 53.0 | 5% |
| 2022 | 1,010,413 | 540,578 | 469,835 | 55.9 | 2% |
| 2023 | 700,906 | 520,475 | 180,431 | 62.2 | 4% |
In its most recent public year (2023), this organization brought in $180,431 more than it spent. Its reserves stood at about 62.2 months of spending, up from 48.6 in 2020. Staff pay was 4% 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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