Lanesboro Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 219,313 | 248,717 | −29,404 | 6.8 | 50% |
| 2012 | 349,682 | 287,887 | 61,795 | 8.4 | 54% |
| 2013 | 837,209 | 382,276 | 454,933 | 20.6 | 31% |
| 2014 | 398,649 | 383,710 | 14,939 | 18.3 | 49% |
| 2015 | 518,307 | 428,170 | 90,137 | 18.9 | 49% |
| 2016 | 326,271 | 429,849 | −103,578 | 13.9 | 46% |
| 2017 | 290,743 | 350,855 | −60,112 | 15.0 | 42% |
| 2019 | 863,268 | 335,385 | 527,883 | 34.6 | 42% |
| 2020 | 292,679 | 352,375 | −59,696 | 29.2 | 41% |
| 2021 | 481,893 | 380,449 | 101,444 | 30.2 | 37% |
| 2022 | 338,351 | 421,614 | −83,263 | 24.9 | 42% |
| 2023 | 383,393 | 491,547 | −108,154 | 18.7 | 44% |
In its most recent public year (2023), this organization spent $108,154 more than it brought in. Its reserves stood at about 18.7 months of spending, up from 6.8 in 2011. Staff pay was 44% 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
Lanesboro Arts Center'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