North Carolina Arts Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 8,573 | 2,228 | 6,345 | 34.2 | — |
| 2015 | 272,558 | 57,023 | 215,535 | 46.7 | 0% |
| 2016 | 293,348 | 203,559 | 89,789 | 18.4 | 0% |
| 2017 | 480,074 | 111,473 | 368,601 | 73.2 | 0% |
| 2018 | 264,156 | 108,544 | 155,612 | 92.4 | 0% |
| 2019 | 639,196 | 472,096 | 167,100 | 25.5 | 0% |
| 2020 | 622,425 | 777,674 | −155,249 | 13.1 | 0% |
| 2021 | 567,690 | 473,123 | 94,567 | 23.9 | 0% |
| 2022 | 757,398 | 557,144 | 200,254 | 24.6 | 0% |
| 2023 | 262,471 | 698,168 | −435,697 | 12.2 | 10% |
| 2024 | 2,101,079 | 619,417 | 1,481,662 | 45.3 | 15% |
In its most recent public year (2024), this organization brought in $1,481,662 more than it spent. Its reserves stood at about 45.3 months of spending, up from 34.2 in 2014. Staff pay was 15% of spending. $2,206,843 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 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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