Chosen Few Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 58,183 | 58,883 | −700 | 4.7 | — |
| 2021 | 174,496 | 151,491 | 23,005 | 3.6 | — |
| 2022 | 105,736 | 145,422 | −39,686 | 0.5 | — |
| 2023 | 162,686 | 150,108 | 12,578 | 1.5 | — |
| 2024 | 71,062 | 85,379 | −14,317 | -1.5 | — |
In its most recent public year (2024), this organization spent $14,317 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.5 months), down from 4.7 in 2020.
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 2024. 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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