Frederick Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 335,778 | 322,131 | 13,647 | -1.1 | 23% |
| 2012 | 246,768 | 330,615 | −83,847 | -4.1 | 23% |
| 2013 | 395,635 | 462,938 | −67,303 | -4.3 | 16% |
| 2014 | 526,272 | 205,745 | 320,527 | 9.0 | 20% |
| 2015 | 211,839 | 243,016 | −31,177 | 6.0 | 24% |
| 2016 | 242,465 | 192,939 | 49,526 | 10.7 | 23% |
| 2017 | 432,911 | 436,443 | −3,532 | 6.1 | 18% |
| 2018 | 445,110 | 488,909 | −43,799 | 4.3 | 21% |
| 2019 | 447,457 | 476,387 | −28,930 | 3.7 | 14% |
| 2020 | 611,499 | 541,541 | 69,958 | 4.8 | 21% |
| 2021 | 922,258 | 656,742 | 265,516 | 8.8 | 26% |
| 2022 | 1,259,032 | 1,191,998 | 67,034 | 5.5 | 14% |
| 2023 | 1,176,612 | 1,329,809 | −153,197 | 3.6 | 13% |
In its most recent public year (2023), this organization spent $153,197 more than it brought in. Its reserves stood at about 3.6 months of spending, up from -1.1 in 2011. Staff pay was 13% of spending. $56,801 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
Frederick Arts Council Inc'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