Salem Art Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 283,850 | 393,571 | −109,721 | 2.8 | 54% |
| 2021 | 504,516 | 396,395 | 108,121 | 6.1 | 48% |
| 2022 | 490,697 | 558,132 | −67,435 | 2.9 | 51% |
| 2023 | 550,226 | 534,528 | 15,698 | 3.3 | 37% |
In its most recent public year (2023), this organization brought in $15,698 more than it spent. Its reserves stood at about 3.3 months of spending. Staff pay was 37% 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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