Carmel International Arts Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 81,258 | 46,953 | 34,305 | 36.2 | — |
| 2021 | 63,232 | 131,170 | −67,938 | 6.7 | — |
| 2022 | 200,254 | 138,660 | 61,594 | 11.7 | 0% |
| 2023 | 162,497 | 154,101 | 8,396 | 11.2 | 0% |
In its most recent public year (2023), this organization brought in $8,396 more than it spent. Its reserves stood at about 11.2 months of spending, down from 36.2 in 2020. Staff pay was 0% 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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