Narek Cultural Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 777,038 | 794,860 | −17,822 | 8.5 | 66% |
| 2012 | 814,101 | 809,709 | 4,392 | 8.4 | 69% |
| 2013 | 831,100 | 872,210 | −41,110 | 7.2 | 69% |
| 2014 | 887,148 | 921,065 | −33,917 | 6.4 | 67% |
| 2015 | 906,836 | 900,876 | 5,960 | 6.6 | 71% |
| 2016 | 886,778 | 945,723 | −58,945 | 5.6 | 71% |
| 2017 | 868,218 | 849,608 | 18,610 | 6.4 | 68% |
| 2018 | 851,976 | 864,767 | −12,791 | 6.2 | 67% |
| 2019 | 861,045 | 925,451 | −64,406 | 4.9 | 64% |
| 2020 | 614,276 | 729,177 | −114,901 | 4.4 | 61% |
| 2021 | 956,543 | 864,190 | 92,353 | 5.0 | 68% |
| 2022 | 1,205,418 | 946,836 | 258,582 | 7.8 | 67% |
| 2023 | 1,024,210 | 1,071,593 | −47,383 | 6.4 | 64% |
In its most recent public year (2023), this organization spent $47,383 more than it brought in. Its reserves stood at about 6.4 months of spending, down from 8.5 in 2011. Staff pay was 64% 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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