New Legacy Cultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 53,761 | 54,284 | −523 | 0.6 | — |
| 2021 | 39,047 | 30,330 | 8,717 | 4.6 | — |
| 2022 | 23,677 | 25,204 | −1,527 | 4.8 | — |
| 2023 | 40,179 | 21,848 | 18,331 | 15.6 | — |
| 2024 | 52,479 | 51,541 | 938 | 6.8 | — |
In its most recent public year (2024), this organization brought in $938 more than it spent. Its reserves stood at about 6.8 months of spending, up from 0.6 in 2020.
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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