Beloit Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 46,747 | 46,554 | 193 | 16.0 | — |
| 2019 | 48,575 | 52,850 | −4,275 | 13.1 | — |
| 2020 | 89,078 | 45,512 | 43,566 | 26.7 | — |
| 2021 | 57,230 | 26,906 | 30,324 | 58.6 | — |
| 2022 | 64,899 | 57,954 | 6,945 | 28.7 | — |
| 2023 | 101,401 | 68,947 | 32,454 | 29.7 | — |
In its most recent public year (2023), this organization brought in $32,454 more than it spent. Its reserves stood at about 29.7 months of spending, up from 16 in 2018.
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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