Artists Association Of Nantucket
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,536,789 | 1,293,496 | 243,293 | 47.9 | 14% |
| 2021 | 1,841,794 | 1,486,350 | 355,444 | 45.4 | 0% |
| 2022 | 1,757,909 | 1,723,960 | 33,949 | 37.7 | 24% |
| 2023 | 1,531,995 | 1,696,308 | −164,313 | 38.1 | 58% |
In its most recent public year (2023), this organization spent $164,313 more than it brought in. Its reserves stood at about 38.1 months of spending, down from 47.9 in 2020. Staff pay was 58% of spending. $1,598,678 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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