Five Wings Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 460,141 | 477,614 | −17,473 | 0.3 | 15% |
| 2013 | 480,871 | 476,025 | 4,846 | 0.4 | 17% |
| 2014 | 530,296 | 521,682 | 8,614 | 0.6 | 16% |
| 2015 | 528,221 | 563,117 | −34,896 | -0.2 | 16% |
| 2016 | 529,859 | 525,524 | 4,335 | -0.1 | 18% |
| 2017 | 582,518 | 577,548 | 4,970 | 0.0 | 18% |
| 2018 | 528,859 | 509,548 | 19,311 | 0.5 | 21% |
| 2019 | 594,873 | 640,950 | −46,077 | -0.4 | 18% |
| 2020 | 661,390 | 571,428 | 89,962 | 1.4 | 20% |
| 2021 | 603,909 | 556,375 | 47,534 | 3.5 | 20% |
| 2022 | 685,150 | 656,492 | 28,658 | 3.5 | 18% |
| 2023 | 632,070 | 817,967 | −185,897 | 0.0 | 16% |
In its most recent public year (2023), this organization spent $185,897 more than it brought in. Its reserves stood at about 0 months of spending. Staff pay was 16% of spending. $10,017 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 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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