Rockford Area Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 411,320 | 400,347 | 10,973 | 11.3 | 62% |
| 2012 | 386,668 | 403,851 | −17,183 | 10.7 | 17% |
| 2013 | 422,619 | 372,234 | 50,385 | 13.2 | 62% |
| 2014 | 463,252 | 494,488 | −31,236 | 9.2 | 49% |
| 2015 | 280,825 | 365,440 | −84,615 | 9.6 | 58% |
| 2016 | 288,576 | 335,311 | −46,735 | 8.8 | 57% |
| 2017 | 211,498 | 245,634 | −34,136 | 10.4 | 22% |
| 2018 | 302,973 | 275,030 | 27,943 | 10.5 | 40% |
| 2019 | 259,832 | 269,482 | −9,650 | 10.3 | 43% |
| 2020 | 280,623 | 221,646 | 58,977 | 15.7 | 52% |
| 2021 | 371,050 | 310,356 | 60,694 | 15.3 | 54% |
| 2022 | 555,135 | 408,995 | 146,140 | 15.9 | 43% |
| 2023 | 661,699 | 698,087 | −36,388 | 8.7 | 37% |
In its most recent public year (2023), this organization spent $36,388 more than it brought in. Its reserves stood at about 8.7 months of spending, down from 11.3 in 2011. Staff pay was 37% of spending. $97,036 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
Rockford 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