Fort Madison Area Arts Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,230 | 69,071 | −13,841 | 4.3 | 57% |
| 2012 | 94,638 | 58,266 | 36,372 | 12.6 | 63% |
| 2013 | 66,942 | 69,090 | −2,148 | 10.3 | — |
| 2014 | 74,155 | 83,558 | −9,403 | 7.2 | — |
| 2015 | 85,668 | 87,665 | −1,997 | 6.6 | — |
| 2016 | 90,842 | 93,219 | −2,377 | 5.9 | — |
| 2017 | 76,534 | 87,817 | −11,283 | 4.7 | — |
| 2018 | 103,750 | 90,550 | 13,200 | 6.4 | — |
| 2019 | 74,691 | 64,144 | 10,547 | 10.9 | — |
| 2020 | 55,918 | 52,650 | 3,268 | 14.1 | — |
| 2021 | 114,863 | 76,981 | 37,882 | 15.5 | — |
| 2022 | 84,191 | 54,990 | 29,201 | 28.1 | — |
| 2023 | 64,238 | 87,548 | −23,310 | 14.5 | — |
| 2024 | 97,360 | 123,528 | −26,168 | 7.7 | — |
In its most recent public year (2024), this organization spent $26,168 more than it brought in. Its reserves stood at about 7.7 months of spending, up from 4.3 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 2024. 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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