Newark Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 312,471 | 361,966 | −49,495 | 7.5 | 35% |
| 2012 | 305,437 | 373,320 | −67,883 | 5.1 | 42% |
| 2013 | 357,507 | 387,040 | −29,533 | 4.0 | 45% |
| 2014 | 312,918 | 353,318 | −40,400 | 3.0 | 47% |
| 2015 | 452,204 | 376,393 | 75,811 | 5.2 | 45% |
| 2016 | 817,106 | 643,473 | 173,633 | 6.3 | 35% |
| 2017 | 1,010,901 | 1,108,788 | −97,887 | 2.6 | 43% |
| 2018 | 1,533,465 | 1,440,376 | 93,089 | 2.8 | 30% |
| 2019 | 1,599,547 | 1,357,817 | 241,730 | 5.1 | 34% |
| 2020 | 2,267,281 | 2,196,908 | 70,373 | 3.5 | 22% |
| 2021 | 2,660,381 | 2,417,680 | 242,701 | 4.4 | 24% |
| 2023 | 2,135,228 | 2,399,074 | −263,846 | 6.1 | 28% |
In its most recent public year (2023), this organization spent $263,846 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 7.5 in 2011. Staff pay was 28% of spending. $583,544 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
Newark 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