Friends Of The Cultural Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 15,409,484 | 14,290,415 | 1,119,069 | 30.2 | 43% |
| 2021 | 9,942,818 | 6,008,377 | 3,934,441 | 79.5 | 55% |
| 2022 | 20,407,526 | 14,541,335 | 5,866,191 | 35.4 | 40% |
| 2023 | 19,366,765 | 16,824,752 | 2,542,013 | 32.4 | 36% |
In its most recent public year (2023), this organization brought in $2,542,013 more than it spent. Its reserves stood at about 32.4 months of spending, up from 30.2 in 2020. Staff pay was 36% of spending. $10,741,552 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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