Black Mountain-Swannanoa Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 151,247 | 199,493 | −48,246 | 34.3 | 40% |
| 2013 | 187,955 | 224,105 | −36,150 | 28.6 | 41% |
| 2014 | 180,414 | 218,217 | −37,803 | 27.3 | 42% |
| 2015 | 216,354 | 245,164 | −28,810 | 22.9 | 44% |
| 2016 | 234,424 | 270,034 | −35,610 | 22.3 | 43% |
| 2017 | 605,708 | 650,226 | −44,518 | 7.4 | 18% |
| 2018 | 287,646 | 298,543 | −10,897 | 15.3 | 39% |
| 2019 | 281,001 | 287,487 | −6,486 | 15.6 | 39% |
| 2020 | 270,701 | 288,895 | −18,194 | -1.0 | 38% |
| 2021 | 284,528 | 304,673 | −20,145 | -1.8 | 37% |
| 2022 | 350,861 | 342,540 | 8,321 | -1.3 | 39% |
| 2023 | 418,432 | 386,837 | 31,595 | -0.2 | 36% |
In its most recent public year (2023), this organization brought in $31,595 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), down from 34.3 in 2012. Staff pay was 36% of spending.
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
Black Mountain-Swannanoa Art 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