Garage Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,926 | 10,867 | −6,941 | 11.3 | 0% |
| 2021 | 17,311 | 25,573 | −8,262 | 0.9 | 0% |
| 2022 | 11,467 | 14,263 | −2,796 | -0.9 | 0% |
| 2023 | 17,814 | 24,656 | −6,842 | -4.0 | 0% |
In its most recent public year (2023), this organization spent $6,842 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4 months), down from 11.3 in 2020. 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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