Milford Fine Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 213,650 | 235,267 | −21,617 | 20.2 | 30% |
| 2013 | 208,570 | 221,514 | −12,944 | 21.3 | 19% |
| 2014 | 232,937 | 241,339 | −8,402 | 20.2 | 29% |
| 2015 | 255,566 | 239,636 | 15,930 | 21.8 | 26% |
| 2016 | 270,365 | 355,842 | −85,477 | 11.8 | 21% |
| 2017 | 303,727 | 317,022 | −13,295 | 12.8 | 13% |
| 2018 | 307,681 | 296,628 | 11,053 | 14.1 | 14% |
| 2019 | 278,357 | 300,364 | −22,007 | 13.0 | 13% |
| 2020 | 309,412 | 287,607 | 21,805 | 14.5 | 39% |
| 2021 | 378,681 | 252,587 | 126,094 | 22.5 | 46% |
| 2022 | 265,050 | 304,662 | −39,612 | 17.1 | 45% |
| 2023 | 379,879 | 340,450 | 39,429 | 16.7 | 44% |
In its most recent public year (2023), this organization brought in $39,429 more than it spent. Its reserves stood at about 16.7 months of spending, down from 20.2 in 2011. Staff pay was 44% of spending. $256,709 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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