Festa Italia Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 39,884 | 29,853 | 10,031 | 60.2 | — |
| 2012 | 25,084 | 23,212 | 1,872 | 78.4 | — |
| 2013 | 37,137 | 24,736 | 12,401 | 79.6 | — |
| 2014 | 52,257 | 24,244 | 28,013 | 95.1 | 0% |
| 2015 | 29,186 | 15,562 | 13,624 | 158.6 | 0% |
| 2016 | 68,935 | 22,942 | 45,993 | 131.6 | 0% |
| 2017 | 38,096 | 17,766 | 20,330 | 183.7 | 0% |
| 2018 | 58,430 | 33,633 | 24,797 | 105.9 | 0% |
| 2019 | 54,576 | 21,107 | 33,469 | 187.8 | 0% |
| 2020 | 5,725 | 7,212 | −1,487 | 547.1 | — |
| 2021 | 4,008 | 11,794 | −7,786 | 326.6 | — |
| 2022 | 101,981 | 22,014 | 79,967 | 218.6 | 0% |
| 2023 | 54,446 | 25,417 | 29,029 | 203.0 | 0% |
In its most recent public year (2023), this organization brought in $29,029 more than it spent. Its reserves stood at about 203 months of spending, up from 60.2 in 2011. Staff pay was 0% 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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