Great River Arts Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 207,948 | 215,970 | −8,022 | 8.4 | 49% |
| 2021 | 223,339 | 156,022 | 67,317 | 16.9 | 54% |
| 2022 | 186,767 | 219,000 | −32,233 | 10.2 | 41% |
| 2023 | 196,442 | 233,292 | −36,850 | 7.7 | 38% |
In its most recent public year (2023), this organization spent $36,850 more than it brought in. Its reserves stood at about 7.7 months of spending. Staff pay was 38% of spending.
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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