Mankato Area Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 59,794 | 46,254 | 13,540 | 24.2 | — |
| 2013 | 87,053 | 49,606 | 37,447 | 31.6 | — |
| 2014 | 97,815 | 72,247 | 25,568 | 26.0 | — |
| 2015 | 120,216 | 75,934 | 44,282 | 31.7 | — |
| 2016 | 254,876 | 178,428 | 76,448 | 18.6 | 4% |
| 2017 | 471,542 | 80,810 | 390,732 | 99.2 | 12% |
| 2018 | 102,763 | 71,345 | 31,418 | 117.6 | 14% |
| 2019 | 80,051 | 76,159 | 3,892 | 110.8 | 13% |
| 2020 | 62,873 | 48,819 | 14,054 | 176.3 | 14% |
| 2021 | 37,956 | 30,989 | 6,967 | 280.4 | 2% |
| 2022 | 550,733 | 57,010 | 493,723 | 256.4 | 1% |
| 2023 | 143,772 | 102,781 | 40,991 | 147.0 | 26% |
In its most recent public year (2023), this organization brought in $40,991 more than it spent. Its reserves stood at about 147 months of spending, up from 24.2 in 2012. Staff pay was 26% 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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