The Virginia Arts Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 6,739,771 | 5,707,823 | 1,031,948 | 31.1 | 25% |
| 2013 | 6,337,835 | 5,976,740 | 361,095 | 30.6 | 25% |
| 2014 | 8,372,087 | 5,879,555 | 2,492,532 | 37.1 | 26% |
| 2015 | 8,174,593 | 5,809,580 | 2,365,013 | 41.4 | 28% |
| 2016 | 10,009,002 | 7,894,991 | 2,114,011 | 33.6 | 23% |
| 2017 | 9,168,989 | 8,052,877 | 1,116,112 | 35.8 | 25% |
| 2018 | 11,229,487 | 7,743,835 | 3,485,652 | 42.6 | 27% |
| 2019 | 9,162,997 | 7,799,614 | 1,363,383 | 44.6 | 28% |
| 2020 | 4,958,733 | 4,533,761 | 424,972 | 78.6 | 43% |
| 2021 | 13,482,512 | 6,110,399 | 7,372,113 | 79.8 | 37% |
| 2022 | 13,814,301 | 10,182,316 | 3,631,985 | 48.3 | 23% |
| 2023 | 12,308,747 | 10,657,616 | 1,651,131 | 50.3 | 26% |
In its most recent public year (2023), this organization brought in $1,651,131 more than it spent. Its reserves stood at about 50.3 months of spending, up from 31.1 in 2012. Staff pay was 26% of spending. $32,989,731 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
The Virginia Arts Festival 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