Islip Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 489,443 | 541,478 | −52,035 | -1.4 | 40% |
| 2012 | 441,479 | 416,700 | 24,779 | -1.2 | 46% |
| 2013 | 356,709 | 359,632 | −2,923 | -1.4 | 39% |
| 2014 | 271,278 | 270,611 | 667 | -1.8 | 43% |
| 2015 | 416,303 | 428,899 | −12,596 | -1.5 | 31% |
| 2016 | 419,169 | 416,704 | 2,465 | -1.4 | 32% |
| 2017 | 326,580 | 321,747 | 4,833 | -1.7 | 37% |
| 2018 | 319,049 | 320,070 | −1,021 | -1.7 | 37% |
| 2019 | 352,503 | 365,608 | −13,105 | -2.0 | 36% |
| 2020 | 236,610 | 177,149 | 59,461 | -0.0 | 38% |
| 2021 | 247,542 | 275,985 | −28,443 | -1.2 | 25% |
| 2022 | 355,881 | 311,839 | 44,042 | 0.6 | 35% |
| 2023 | 310,463 | 343,054 | −32,591 | -0.6 | 29% |
In its most recent public year (2023), this organization spent $32,591 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.6 months). Staff pay was 29% 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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