Highland Area Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 68,324 | 63,982 | 4,342 | 8.0 | — |
| 2018 | 55,163 | 30,922 | 24,241 | 25.9 | — |
| 2019 | 58,000 | 55,280 | 2,720 | 15.1 | — |
| 2020 | 10,481 | 6,522 | 3,959 | 135.2 | — |
| 2021 | 48,395 | 55,636 | −7,241 | 14.3 | — |
| 2022 | 54,774 | 58,570 | −3,796 | 12.8 | — |
| 2023 | 62,957 | 38,094 | 24,863 | 27.5 | — |
In its most recent public year (2023), this organization brought in $24,863 more than it spent. Its reserves stood at about 27.5 months of spending, up from 8 in 2017.
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
Highland Area Arts Council's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works