Inner-City Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,320,391 | 2,507,362 | −1,186,971 | 72.8 | 68% |
| 2021 | 5,566,146 | 4,291,203 | 1,274,943 | 48.5 | 61% |
| 2022 | 3,461,422 | 4,339,481 | −878,059 | 43.8 | 59% |
| 2023 | 4,920,651 | 4,595,350 | 325,301 | 43.1 | 55% |
In its most recent public year (2023), this organization brought in $325,301 more than it spent. Its reserves stood at about 43.1 months of spending, down from 72.8 in 2020. Staff pay was 55% of spending. $3,483,683 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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