Avem Cultural Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,000 | 1,600 | 1,400 | 10.5 | — |
| 2022 | 0 | 3,175 | −3,175 | -6.7 | — |
| 2023 | 0 | 426 | −426 | -62.0 | — |
In its most recent public year (2023), this organization spent $426 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-62 months), down from 10.5 in 2021.
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
Avem Cultural Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works