Industrial Arts Workshop Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 521,362 | 133,201 | 388,161 | 41.5 | 29% |
| 2022 | 314,864 | 152,967 | 161,897 | 67.7 | 48% |
| 2023 | 608,205 | 488,392 | 119,813 | 24.2 | 43% |
In its most recent public year (2023), this organization brought in $119,813 more than it spent. Its reserves stood at about 24.2 months of spending, down from 41.5 in 2021. Staff pay was 43% of spending. $241,444 of its net assets are donor-restricted.
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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