Big Rapids Festival Of The Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 21,928 | 8,609 | 13,319 | 18.6 | 0% |
| 2017 | 63,250 | 65,158 | −1,908 | 2.1 | 0% |
| 2018 | 50,702 | 49,076 | 1,626 | 3.2 | 0% |
| 2019 | 46,250 | 49,992 | −3,742 | 2.2 | 0% |
| 2020 | 41,393 | 36,893 | 4,500 | 4.5 | 0% |
In its most recent public year (2020), this organization brought in $4,500 more than it spent. Its reserves stood at about 4.5 months of spending, down from 18.6 in 2016. 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 2020. 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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