Mint Hill Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,952 | 58,929 | 4,023 | 4.3 | — |
| 2021 | 81,731 | 68,557 | 13,174 | 6.0 | — |
| 2022 | 101,537 | 93,099 | 8,438 | 5.5 | — |
| 2023 | 138,721 | 119,738 | 18,983 | 6.2 | — |
| 2024 | 108,117 | 98,217 | 9,900 | 8.8 | — |
In its most recent public year (2024), this organization brought in $9,900 more than it spent. Its reserves stood at about 8.8 months of spending, up from 4.3 in 2020.
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 2024. 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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