Marion Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 188,298 | 149,816 | 38,482 | 65.7 | 53% |
| 2021 | 349,515 | 209,995 | 139,520 | 55.9 | 55% |
| 2022 | 358,644 | 273,263 | 85,381 | 44.0 | 50% |
| 2023 | 439,130 | 365,140 | 73,990 | 36.9 | 43% |
In its most recent public year (2023), this organization brought in $73,990 more than it spent. Its reserves stood at about 36.9 months of spending, down from 65.7 in 2020. Staff pay was 43% of spending. $328,455 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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