Lincoln Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 494,932 | 391,641 | 103,291 | 11.7 | 59% |
| 2021 | 466,184 | 417,676 | 48,508 | 12.4 | 57% |
| 2022 | 645,118 | 537,186 | 107,932 | 12.1 | 49% |
| 2023 | 593,321 | 773,914 | −180,593 | 5.5 | 41% |
In its most recent public year (2023), this organization spent $180,593 more than it brought in. Its reserves stood at about 5.5 months of spending, down from 11.7 in 2020. Staff pay was 41% of spending. $74,608 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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