Arts Midwest
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 15,373,717 | 9,496,593 | 5,877,124 | 16.7 | 16% |
| 2022 | 7,597,060 | 8,599,951 | −1,002,891 | 15.5 | 19% |
| 2023 | 9,028,042 | 9,421,779 | −393,737 | 14.6 | 20% |
| 2024 | 7,338,709 | 6,473,618 | 865,091 | 23.3 | 28% |
In its most recent public year (2024), this organization brought in $865,091 more than it spent. Its reserves stood at about 23.3 months of spending, up from 16.7 in 2021. Staff pay was 28% of spending. $4,104,523 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 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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