Api Cultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 686,316 | 627,804 | 58,512 | 6.1 | 54% |
| 2021 | 693,169 | 477,596 | 215,573 | 13.4 | 60% |
| 2022 | 763,768 | 619,878 | 143,890 | 13.1 | 45% |
| 2023 | 1,039,405 | 722,555 | 316,850 | 16.5 | 44% |
In its most recent public year (2023), this organization brought in $316,850 more than it spent. Its reserves stood at about 16.5 months of spending, up from 6.1 in 2020. Staff pay was 44% 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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