Boothbay Region Art Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 56,894 | 61,054 | −4,160 | 11.5 | — |
| 2021 | 89,975 | 61,629 | 28,346 | 17.1 | — |
| 2022 | 84,306 | 93,796 | −9,490 | 6.3 | — |
| 2023 | 68,216 | 73,402 | −5,186 | 7.1 | — |
In its most recent public year (2023), this organization spent $5,186 more than it brought in. Its reserves stood at about 7.1 months of spending, down from 11.5 in 2020.
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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