Nantucket Island School Of Design And The Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,393 | 354,407 | −335,014 | 86.9 | 45% |
| 2021 | 519 | 486,068 | −485,549 | 51.4 | 33% |
| 2022 | 1,123,013 | 336,386 | 786,627 | 102.3 | 0% |
| 2023 | 143,616 | 564,158 | −420,542 | 52.1 | 0% |
In its most recent public year (2023), this organization spent $420,542 more than it brought in. Its reserves stood at about 52.1 months of spending, down from 86.9 in 2020. Staff pay was 0% of spending. $10,000 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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