Arts Center For Newaygo County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 412,227 | 575,028 | −162,801 | 95.6 | 0% |
| 2021 | 439,083 | 487,904 | −48,821 | 111.6 | 11% |
| 2022 | 427,386 | 664,017 | −236,631 | 77.6 | 10% |
| 2023 | 1,171,081 | 738,844 | 432,237 | 76.8 | 10% |
In its most recent public year (2023), this organization brought in $432,237 more than it spent. Its reserves stood at about 76.8 months of spending, down from 95.6 in 2020. Staff pay was 10% of spending. $464,269 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
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