Renaissance Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 176,492 | 179,070 | −2,578 | 141.9 | 23% |
| 2022 | 396,960 | 336,700 | 60,260 | 77.6 | 15% |
| 2023 | 401,277 | 337,173 | 64,104 | 79.8 | 16% |
| 2024 | 470,170 | 530,948 | −60,778 | 49.3 | 13% |
In its most recent public year (2024), this organization spent $60,778 more than it brought in. Its reserves stood at about 49.3 months of spending, down from 141.9 in 2021. Staff pay was 13% of spending. $92,853 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 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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