Albert Lea Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 95,407 | 58,916 | 36,491 | 15.3 | — |
| 2012 | 29,865 | 29,194 | 671 | 31.1 | — |
| 2013 | 44,227 | 36,721 | 7,506 | 27.2 | — |
| 2014 | 85,600 | 41,418 | 44,182 | 36.9 | — |
| 2015 | 40,574 | 48,027 | −7,453 | 30.5 | — |
| 2016 | 46,297 | 46,240 | 57 | 31.7 | — |
| 2017 | 144,614 | 47,378 | 97,236 | 55.6 | — |
| 2018 | 46,946 | 58,638 | −11,692 | 42.5 | — |
| 2019 | 76,949 | 57,206 | 19,743 | 47.7 | — |
| 2020 | 44,157 | 57,329 | −13,172 | 44.9 | — |
| 2021 | 171,465 | 81,532 | 89,933 | 44.8 | — |
| 2022 | 134,357 | 61,756 | 72,601 | 73.3 | — |
| 2023 | 39,734 | 52,576 | −12,842 | 83.2 | — |
In its most recent public year (2023), this organization spent $12,842 more than it brought in. Its reserves stood at about 83.2 months of spending, up from 15.3 in 2011.
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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