Rockport Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 345,534 | 321,571 | 23,963 | 39.8 | 51% |
| 2021 | 401,683 | 334,668 | 67,015 | 41.9 | 44% |
| 2022 | 417,374 | 422,737 | −5,363 | 30.5 | 40% |
| 2023 | 691,776 | 546,138 | 145,638 | 27.5 | 46% |
In its most recent public year (2023), this organization brought in $145,638 more than it spent. Its reserves stood at about 27.5 months of spending, down from 39.8 in 2020. Staff pay was 46% of spending. $612,247 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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