509 Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 335,578 | 337,284 | −1,706 | 9.4 | 27% |
| 2012 | 341,561 | 428,470 | −86,909 | 7.3 | 35% |
| 2013 | 327,826 | 316,185 | 11,641 | 10.2 | 29% |
| 2014 | 516,529 | 464,162 | 52,367 | 8.3 | 17% |
| 2015 | 447,497 | 460,627 | −13,130 | 8.0 | 31% |
| 2016 | 408,227 | 345,314 | 62,913 | 12.8 | 37% |
| 2017 | 571,360 | 417,686 | 153,674 | 15.0 | 31% |
| 2018 | 191,654 | 386,714 | −195,060 | 10.1 | — |
| 2019 | 286,297 | 436,217 | −149,920 | 4.8 | 30% |
| 2020 | 669,206 | 328,118 | 341,088 | 18.9 | 27% |
| 2021 | 698,200 | 744,732 | −46,532 | 7.6 | 10% |
| 2022 | 662,841 | 487,563 | 175,278 | 15.9 | 19% |
| 2023 | 141,312 | 267,309 | −125,997 | 23.3 | 27% |
In its most recent public year (2023), this organization spent $125,997 more than it brought in. Its reserves stood at about 23.3 months of spending, up from 9.4 in 2011. Staff pay was 27% of spending. $337,070 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
509 Cultural Center'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