Festival Of The Arts In Grand Rapids
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 360,920 | 342,351 | 18,569 | 6.6 | 0% |
| 2012 | 300,177 | 329,374 | −29,197 | 6.0 | 0% |
| 2013 | 329,384 | 339,138 | −9,754 | 5.8 | 0% |
| 2014 | 306,342 | 342,529 | −36,187 | 4.7 | 0% |
| 2015 | 384,206 | 347,478 | 36,728 | 5.8 | 0% |
| 2016 | 290,282 | 309,020 | −18,738 | 5.9 | 0% |
| 2017 | 219,986 | 219,242 | 744 | 7.8 | 0% |
| 2018 | 256,526 | 254,709 | 1,817 | 6.8 | 9% |
| 2019 | 391,326 | 428,030 | −36,704 | 3.0 | 10% |
| 2020 | 227,091 | 137,831 | 89,260 | 17.1 | 30% |
| 2021 | 278,418 | 215,728 | 62,690 | 14.4 | 20% |
| 2022 | 266,955 | 337,576 | −70,621 | 6.7 | 1% |
| 2023 | 246,778 | 424,359 | −177,581 | 0.3 | 13% |
In its most recent public year (2023), this organization spent $177,581 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 6.6 in 2011. Staff pay was 13% of spending. $70,833 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works