California Institute Of The Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 108,589,944 | 85,069,369 | 23,520,575 | 43.8 | 45% |
| 2022 | 122,829,598 | 106,512,422 | 16,317,176 | 32.2 | 40% |
| 2023 | 119,575,489 | 113,543,204 | 6,032,285 | 31.6 | 42% |
In its most recent public year (2023), this organization brought in $6,032,285 more than it spent. Its reserves stood at about 31.6 months of spending, down from 43.8 in 2021. Staff pay was 42% of spending. $221,602,626 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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