The Art Connection In Rhode Island
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 65,337 | 58,117 | 7,220 | 11.2 | — |
| 2019 | 71,069 | 62,956 | 8,113 | 11.9 | — |
| 2020 | 72,533 | 70,670 | 1,863 | 10.9 | — |
| 2021 | 92,992 | 85,005 | 7,987 | 10.2 | — |
| 2022 | 69,450 | 91,976 | −22,526 | 6.5 | — |
| 2023 | 63,152 | 79,844 | −16,692 | 5.0 | — |
In its most recent public year (2023), this organization spent $16,692 more than it brought in. Its reserves stood at about 5 months of spending, down from 11.2 in 2018.
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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