Freeport Arts Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 186,453 | 225,887 | −39,434 | 64.8 | 23% |
| 2012 | 176,591 | 219,606 | −43,015 | 65.7 | 25% |
| 2013 | 190,784 | 209,506 | −18,722 | 69.3 | 21% |
| 2014 | 228,481 | 212,810 | 15,671 | 73.4 | 22% |
| 2015 | 171,453 | 210,016 | −38,563 | 69.0 | 22% |
| 2016 | 167,841 | 204,624 | −36,783 | 70.6 | 22% |
| 2017 | 233,575 | 213,849 | 19,726 | 70.7 | 22% |
| 2018 | 705,240 | 211,405 | 493,835 | 102.0 | 24% |
| 2019 | 274,972 | 235,312 | 39,660 | 94.3 | 23% |
| 2020 | 281,275 | 637,829 | −356,554 | 28.2 | 12% |
| 2021 | 343,033 | 220,130 | 122,903 | 95.3 | 39% |
| 2022 | 373,733 | 359,625 | 14,108 | 73.8 | 50% |
| 2023 | 619,090 | 366,182 | 252,908 | 80.5 | 44% |
In its most recent public year (2023), this organization brought in $252,908 more than it spent. Its reserves stood at about 80.5 months of spending, up from 64.8 in 2011. Staff pay was 44% of spending. $777,901 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
Freeport Arts Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works