Penland School Of Craft
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 35,897,713 | 7,089,584 | 28,808,129 | 117.8 | 32% |
| 2021 | 7,363,613 | 6,484,459 | 879,154 | 147.4 | 40% |
| 2022 | 8,195,417 | 7,834,332 | 361,085 | 111.8 | 35% |
| 2023 | 8,885,123 | 8,959,637 | −74,514 | 97.6 | 33% |
In its most recent public year (2023), this organization spent $74,514 more than it brought in. Its reserves stood at about 97.6 months of spending, down from 117.8 in 2019. Staff pay was 33% of spending. $47,186,254 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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