Creative Armenia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 335,360 | 266,051 | 69,309 | 3.1 | 28% |
| 2018 | 467,284 | 248,595 | 218,689 | 13.9 | 30% |
| 2019 | 549,068 | 512,691 | 36,377 | 7.6 | 16% |
| 2020 | 252,905 | 249,096 | 3,809 | 15.8 | 33% |
| 2021 | 720,785 | 694,009 | 26,776 | 6.1 | 14% |
| 2022 | 211,626 | 259,312 | −47,686 | 14.2 | 38% |
| 2023 | 66,681 | 272,308 | −205,627 | 4.5 | 36% |
In its most recent public year (2023), this organization spent $205,627 more than it brought in. Its reserves stood at about 4.5 months of spending, up from 3.1 in 2017. Staff pay was 36% 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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