Loveworks Academy For Visual & Performing Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,541,847 | 2,487,191 | 54,656 | 0.8 | 41% |
| 2012 | 2,441,411 | 2,565,471 | −124,060 | -0.1 | 37% |
| 2013 | 2,444,237 | 2,475,294 | −31,057 | -0.2 | 43% |
| 2014 | 2,911,614 | 2,787,645 | 123,969 | 0.3 | 46% |
| 2015 | 3,300,043 | 3,125,732 | 174,311 | -4.2 | 45% |
| 2016 | 3,215,429 | 3,149,638 | 65,791 | -3.7 | 47% |
| 2017 | 3,397,734 | 3,878,507 | −480,773 | -4.5 | 35% |
| 2018 | 3,200,611 | 3,733,075 | −532,464 | -6.4 | 39% |
| 2019 | 3,181,512 | 3,496,780 | −315,268 | -6.9 | 44% |
| 2020 | 2,748,279 | 2,849,796 | −101,517 | -9.4 | 43% |
| 2021 | 2,698,924 | 2,591,187 | 107,737 | -9.6 | 46% |
| 2022 | 4,035,921 | 2,970,874 | 1,065,047 | -4.1 | 45% |
| 2023 | 2,729,133 | 2,957,540 | −228,407 | -5.0 | 44% |
In its most recent public year (2023), this organization spent $228,407 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5 months), down from 0.8 in 2011. Staff pay was 44% of spending. $28,736 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 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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