Asheville Creative Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 254,134 | 137,161 | 116,973 | 10.1 | 0% |
| 2021 | 635,666 | 575,664 | 60,002 | 3.7 | 0% |
| 2022 | 523,861 | 527,424 | −3,563 | 3.9 | 2% |
| 2023 | 1,352,592 | 886,272 | 466,320 | 8.7 | 11% |
In its most recent public year (2023), this organization brought in $466,320 more than it spent. Its reserves stood at about 8.7 months of spending, down from 10.1 in 2020. Staff pay was 11% of spending. $613,625 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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