Foundation For The Mcknight Center For The Performing Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 850 | 850 | 0 | 0.0 | — |
| 2017 | 32,876,949 | 72,602 | 32,804,347 | 5434.9 | 61% |
| 2018 | 890,133 | 553,223 | 336,910 | 739.0 | 54% |
| 2019 | 7,883,556 | 1,227,039 | 6,656,517 | 411.6 | 37% |
| 2020 | 3,862,579 | 3,684,802 | 177,777 | 143.7 | 27% |
| 2021 | 4,518,336 | 1,813,129 | 2,705,207 | 373.2 | 54% |
| 2022 | 3,647,712 | 4,214,340 | −566,628 | 150.0 | 23% |
| 2023 | 3,659,364 | 4,595,805 | −936,441 | 143.5 | 22% |
In its most recent public year (2023), this organization spent $936,441 more than it brought in. Its reserves stood at about 143.5 months of spending, up from 0 in 2016. Staff pay was 22% of spending. $52,094,877 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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