Mackinac Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 110,352 | 62,306 | 48,046 | 14.7 | — |
| 2014 | 64,492 | 57,192 | 7,300 | 17.5 | — |
| 2015 | 47,959 | 34,892 | 13,067 | 33.2 | — |
| 2016 | 40,958 | 45,204 | −4,246 | 24.5 | — |
| 2017 | 75,643 | 58,233 | 17,410 | 22.6 | — |
| 2018 | 161,908 | 120,246 | 41,662 | 15.1 | — |
| 2019 | 253,351 | 210,571 | 42,780 | 11.1 | 17% |
| 2020 | 211,058 | 107,476 | 103,582 | 35.2 | 35% |
| 2021 | 241,515 | 249,772 | −8,257 | 16.5 | 31% |
| 2022 | 324,966 | 281,752 | 43,214 | 14.0 | 36% |
| 2023 | 358,148 | 321,932 | 36,216 | 15.1 | 32% |
In its most recent public year (2023), this organization brought in $36,216 more than it spent. Its reserves stood at about 15.1 months of spending. Staff pay was 32% 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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