Grand Rapids Asian-Pacific Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 29,783 | 20,004 | 9,779 | 27.2 | — |
| 2022 | 79,441 | 20,105 | 59,336 | 62.5 | 0% |
| 2023 | 1,822 | 50,500 | −48,678 | 13.3 | 0% |
In its most recent public year (2023), this organization spent $48,678 more than it brought in. Its reserves stood at about 13.3 months of spending, down from 27.2 in 2021. 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 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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