Kinston Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 560,443 | 427,889 | 132,554 | 56.1 | 0% |
| 2012 | 520,110 | 467,219 | 52,891 | 52.7 | 0% |
| 2013 | 555,017 | 557,230 | −2,213 | 44.2 | 0% |
| 2014 | 387,325 | 343,948 | 43,377 | 73.1 | 0% |
| 2015 | 447,139 | 400,598 | 46,541 | 64.1 | 0% |
| 2016 | 527,885 | 490,375 | 37,510 | 53.3 | 0% |
| 2017 | 519,594 | 482,008 | 37,586 | 55.2 | 0% |
| 2018 | 411,999 | 450,796 | −38,797 | 57.9 | 0% |
| 2019 | 491,217 | 439,836 | 51,381 | 64.2 | 0% |
| 2020 | 532,651 | 370,014 | 162,637 | 63.0 | 26% |
| 2021 | 485,364 | 339,299 | 146,065 | 73.9 | 33% |
| 2022 | 304,833 | 390,820 | −85,987 | 61.5 | 33% |
| 2023 | 506,144 | 456,894 | 49,250 | 53.9 | 37% |
In its most recent public year (2023), this organization brought in $49,250 more than it spent. Its reserves stood at about 53.9 months of spending, down from 56.1 in 2011. Staff pay was 37% of spending. $1,127,581 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
Kinston 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