Red Wing Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 135,727 | 118,556 | 17,171 | 14.1 | — |
| 2012 | 139,044 | 150,871 | −11,827 | 10.3 | — |
| 2013 | 126,745 | 127,913 | −1,168 | 12.2 | — |
| 2014 | 193,955 | 179,267 | 14,688 | 9.8 | — |
| 2015 | 146,516 | 149,516 | −3,000 | 11.4 | — |
| 2016 | 111,920 | 146,376 | −34,456 | 8.9 | 31% |
| 2017 | 204,153 | 208,058 | −3,905 | 6.0 | 44% |
| 2018 | 183,750 | 187,651 | −3,901 | 6.4 | — |
| 2019 | 245,968 | 266,281 | −20,313 | 3.6 | 38% |
| 2020 | 172,093 | 180,002 | −7,909 | 5.1 | 39% |
| 2021 | 305,989 | 364,169 | −58,180 | 1.4 | 45% |
| 2022 | 718,121 | 925,774 | −207,653 | -2.1 | 42% |
| 2023 | 818,824 | 977,233 | −158,409 | -4.0 | 33% |
In its most recent public year (2023), this organization spent $158,409 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4 months), down from 14.1 in 2011. Staff pay was 33% of spending. $93,181 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
Red Wing Art Association'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