Creative Arts Center In Chatham Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 231,556 | 257,602 | −26,046 | 27.9 | 51% |
| 2021 | 365,975 | 286,016 | 79,959 | 29.0 | 44% |
| 2022 | 387,273 | 348,751 | 38,522 | 21.0 | 42% |
| 2023 | 431,756 | 406,048 | 25,708 | 19.4 | 43% |
In its most recent public year (2023), this organization brought in $25,708 more than it spent. Its reserves stood at about 19.4 months of spending, down from 27.9 in 2020. Staff pay was 43% of spending.
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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