Rapid City Fine Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 515,706 | 503,359 | 12,347 | 16.2 | 52% |
| 2021 | 690,074 | 635,517 | 54,557 | 14.3 | 51% |
| 2022 | 725,522 | 676,276 | 49,246 | 12.0 | 46% |
| 2023 | 904,764 | 819,571 | 85,193 | 12.1 | 51% |
In its most recent public year (2023), this organization brought in $85,193 more than it spent. Its reserves stood at about 12.1 months of spending, down from 16.2 in 2020. Staff pay was 51% of spending. $54,138 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
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