Faribault Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 394,417 | 358,254 | 36,163 | 22.9 | 22% |
| 2012 | 366,032 | 414,607 | −48,575 | 18.4 | 20% |
| 2013 | 554,494 | 416,769 | 137,725 | 22.2 | 22% |
| 2014 | 467,901 | 448,133 | 19,768 | 21.2 | 21% |
| 2015 | 402,258 | 429,720 | −27,462 | 21.3 | 26% |
| 2016 | 338,525 | 407,625 | −69,100 | 20.5 | 29% |
| 2017 | 466,045 | 476,645 | −10,600 | 17.2 | 27% |
| 2018 | 507,207 | 503,543 | 3,664 | 16.4 | 26% |
| 2019 | 532,653 | 546,155 | −13,502 | 14.8 | 25% |
| 2020 | 427,872 | 335,288 | 92,584 | 28.5 | 39% |
| 2021 | 658,197 | 432,626 | 225,571 | 28.3 | 29% |
| 2022 | 549,752 | 576,892 | −27,140 | 20.7 | 30% |
| 2023 | 774,274 | 526,609 | 247,665 | 28.3 | 33% |
In its most recent public year (2023), this organization brought in $247,665 more than it spent. Its reserves stood at about 28.3 months of spending, up from 22.9 in 2011. Staff pay was 33% 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
Faribault Art Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works