Global Arts Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 122,356 | 16,437 | 105,919 | 77.3 | — |
| 2020 | 117,719 | 73,176 | 44,543 | 24.7 | — |
| 2021 | 108,905 | 112,034 | −3,129 | 15.8 | — |
| 2022 | 141,217 | 173,372 | −32,155 | 8.0 | — |
| 2023 | 332,192 | 248,504 | 83,688 | 9.6 | 75% |
In its most recent public year (2023), this organization brought in $83,688 more than it spent. Its reserves stood at about 9.6 months of spending, down from 77.3 in 2019. Staff pay was 75% 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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