South Bend Art Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,067 | 1,007 | 60 | 852.5 | — |
| 2013 | 769 | 1,208 | −439 | 706.9 | — |
| 2014 | 1,095 | 10,474 | −9,379 | 70.8 | — |
| 2015 | 833 | 1,000 | −167 | 734.8 | — |
| 2016 | 720 | 1,007 | −287 | 726.0 | — |
| 2017 | 775 | 1,000 | −225 | 727.4 | — |
| 2018 | 918 | 1,000 | −82 | 719.5 | — |
| 2019 | 1,456 | 10,090 | −8,634 | 61.1 | — |
| 2020 | 1,418 | 1,000 | 418 | 618.9 | — |
| 2021 | 421 | 15 | 406 | 41422.4 | — |
| 2022 | 386 | 250 | 136 | 2457.7 | — |
| 2023 | 1,143 | 25 | 1,118 | 24964.8 | — |
| 2024 | 2,670 | 5 | 2,665 | 130785.6 | — |
In its most recent public year (2024), this organization brought in $2,665 more than it spent. Its reserves stood at about 130785.6 months of spending, up from 852.5 in 2012.
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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