Harding Fine Arts Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 841,992 | 141,279 | 700,713 | 59.5 | 0% |
| 2021 | 343,789 | 259,574 | 84,215 | 37.2 | 14% |
| 2022 | 913,093 | 295,469 | 617,624 | 57.7 | 19% |
| 2023 | 335,427 | 514,448 | −179,021 | 29.0 | 13% |
In its most recent public year (2023), this organization spent $179,021 more than it brought in. Its reserves stood at about 29 months of spending, down from 59.5 in 2020. Staff pay was 13% 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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