Festivals For Good Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 818,114 | 823,712 | −5,598 | 0.1 | 0% |
| 2020 | 0 | 31,191 | −31,191 | -9.1 | 0% |
| 2021 | 61,000 | 20,162 | 40,838 | 11.0 | 0% |
| 2022 | 4,161,275 | 4,351,976 | −190,701 | -0.5 | 0% |
In its most recent public year (2022), this organization spent $190,701 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months). 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 2022. 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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