Philadelphia Regional Arts Consortium Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 466,259 | 548,131 | −81,872 | 5.2 | 45% |
| 2022 | 605,094 | 611,099 | −6,005 | 4.6 | 43% |
| 2023 | 587,865 | 632,407 | −44,542 | 3.6 | 42% |
In its most recent public year (2023), this organization spent $44,542 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 5.2 in 2021. Staff pay was 42% 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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