Friends Of The Palace Theater
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 388,019 | 366,603 | 21,416 | 11.2 | 28% |
| 2012 | 402,476 | 360,011 | 42,465 | 12.8 | 29% |
| 2013 | 438,845 | 413,339 | 25,506 | 11.9 | 31% |
| 2014 | 414,383 | 431,712 | −17,329 | 10.9 | 28% |
| 2015 | 429,608 | 459,292 | −29,684 | 9.5 | 26% |
| 2016 | 491,981 | 447,061 | 44,920 | 10.9 | 26% |
| 2017 | 427,769 | 441,278 | −13,509 | 10.7 | 30% |
| 2018 | 485,086 | 525,161 | −40,075 | 8.1 | 30% |
| 2019 | 601,360 | 537,996 | 63,364 | 9.3 | 32% |
| 2020 | 732,234 | 374,888 | 357,346 | 24.6 | 38% |
| 2021 | 596,074 | 401,676 | 194,398 | 28.8 | 40% |
| 2022 | 833,414 | 823,783 | 9,631 | 14.2 | 29% |
| 2023 | 1,082,641 | 1,030,708 | 51,933 | 11.9 | 25% |
In its most recent public year (2023), this organization brought in $51,933 more than it spent. Its reserves stood at about 11.9 months of spending. Staff pay was 25% of spending. $11,057 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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