Virginia Beach Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 148,714 | 10,260 | 138,454 | 165.1 | 0% |
| 2019 | 382,388 | 117,673 | 264,715 | 41.4 | 0% |
| 2020 | 232,323 | 193,118 | 39,205 | 27.7 | 18% |
| 2021 | 369,883 | 273,035 | 96,848 | 23.8 | 24% |
| 2022 | 154,006 | 168,482 | −14,476 | 37.6 | 27% |
| 2023 | 385,198 | 352,492 | 32,706 | 19.1 | 36% |
| 2024 | 469,220 | 474,394 | −5,174 | 14.0 | 39% |
In its most recent public year (2024), this organization spent $5,174 more than it brought in. Its reserves stood at about 14 months of spending, down from 165.1 in 2018. Staff pay was 39% 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 2024. 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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