Italian Cultural & Community Center Of Houston
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 509,885 | 429,737 | 80,148 | 39.8 | 37% |
| 2021 | 581,093 | 441,432 | 139,661 | 42.5 | 35% |
| 2022 | 564,486 | 494,420 | 70,066 | 39.6 | 38% |
| 2023 | 598,307 | 595,229 | 3,078 | 33.0 | 36% |
In its most recent public year (2023), this organization brought in $3,078 more than it spent. Its reserves stood at about 33 months of spending, down from 39.8 in 2020. Staff pay was 36% of spending. $61,946 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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