Friends Of Newport Theatre Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 258,867 | 90,015 | 168,852 | 90.3 | 11% |
| 2021 | 50,590 | 80,386 | −29,796 | 98.7 | 25% |
| 2022 | 109,301 | 136,876 | −27,575 | 48.5 | 16% |
| 2023 | 197,822 | 241,102 | −43,280 | 26.7 | 27% |
In its most recent public year (2023), this organization spent $43,280 more than it brought in. Its reserves stood at about 26.7 months of spending, down from 90.3 in 2020. Staff pay was 27% 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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