Society For Promoting & Encouraging Arts & Knowledge Of The Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 538,546 | −538,546 | 40.2 | 27% |
| 2012 | 378,982 | 504,520 | −125,538 | 40.0 | 3% |
| 2013 | 542,203 | 506,305 | 35,898 | 40.7 | 31% |
| 2014 | 767,030 | 575,596 | 191,434 | 39.8 | 28% |
| 2015 | 457,528 | 569,724 | −112,196 | 37.8 | 32% |
| 2016 | 749,180 | 580,674 | 168,506 | 40.6 | 28% |
| 2017 | 538,992 | 513,286 | 25,706 | 46.5 | 28% |
| 2018 | 567,189 | 578,422 | −11,233 | 41.1 | 25% |
| 2019 | 463,818 | 524,607 | −60,789 | 43.9 | 28% |
| 2020 | 465,053 | 590,514 | −125,461 | 36.4 | 27% |
| 2021 | 555,943 | 571,106 | −15,163 | 37.7 | 31% |
| 2023 | 251,812 | 462,641 | −210,829 | 36.7 | 20% |
In its most recent public year (2023), this organization spent $210,829 more than it brought in. Its reserves stood at about 36.7 months of spending, down from 40.2 in 2011. Staff pay was 20% 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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