Operating record

Reach Studio Art Center

Lansing, MI · EIN 20-0864458 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$446,939$264,228$182,71160.150%
2021$346,579$239,754$106,82571.654%
2022$314,550$328,984−$14,43451.846%
2023$341,221$368,703−$27,48245.349%

In its most recent public year (2023), this organization spent $27,482 more than it brought in. Its reserves stood at about 45.3 months of spending, down from 60.1 in 2020. Staff pay was 49% of spending. $96,618 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 ↗