Rum River Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 295,018 | 235,944 | 59,074 | 4.9 | 59% |
| 2021 | 327,889 | 321,407 | 6,482 | 3.6 | 57% |
| 2022 | 449,263 | 384,339 | 64,924 | 4.8 | 56% |
| 2023 | 525,776 | 494,408 | 31,368 | 4.6 | 56% |
In its most recent public year (2023), this organization brought in $31,368 more than it spent. Its reserves stood at about 4.6 months of spending. Staff pay was 56% of spending.
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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