Ludington Area Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 121,305 | 149,180 | −27,875 | 38.4 | 36% |
| 2013 | 166,014 | 174,975 | −8,961 | 31.1 | 35% |
| 2014 | 162,209 | 168,818 | −6,609 | 36.6 | 35% |
| 2015 | 266,799 | 198,845 | 67,954 | 35.5 | 40% |
| 2016 | 99,846 | 100,970 | −1,124 | 71.7 | 45% |
| 2017 | 223,982 | 93,519 | 130,463 | 90.8 | 23% |
| 2018 | 197,309 | 153,087 | 44,222 | 66.8 | 36% |
| 2019 | 196,361 | 182,232 | 14,129 | 52.9 | 44% |
| 2020 | 248,232 | 181,704 | 66,528 | 49.5 | 45% |
| 2021 | 298,550 | 238,153 | 60,397 | 40.8 | 40% |
| 2022 | 272,812 | 294,669 | −21,857 | 32.1 | 33% |
| 2023 | 347,252 | 383,736 | −36,484 | 23.5 | 37% |
In its most recent public year (2023), this organization spent $36,484 more than it brought in. Its reserves stood at about 23.5 months of spending, down from 38.4 in 2012. Staff pay was 37% of spending. $138,194 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
Ludington Area Arts Council'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