Hillsborough Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 87,108 | 63,708 | 23,400 | 9.2 | — |
| 2012 | 26,353 | 57,587 | −31,234 | 3.6 | — |
| 2013 | 75,002 | 73,408 | 1,594 | 2.8 | — |
| 2014 | 64,202 | 64,359 | −157 | 3.5 | — |
| 2015 | 100,426 | 77,953 | 22,473 | 6.4 | — |
| 2016 | 89,048 | 105,648 | −16,600 | 2.6 | — |
| 2017 | 112,883 | 99,055 | 13,828 | 4.4 | 30% |
| 2018 | 130,555 | 122,651 | 7,904 | 4.3 | — |
| 2019 | 190,257 | 156,672 | 33,585 | 5.4 | 26% |
| 2020 | 196,863 | 207,589 | −10,726 | 3.5 | 25% |
| 2021 | 146,071 | 110,855 | 35,216 | 10.4 | 31% |
| 2022 | 193,280 | 253,323 | −60,043 | 3.0 | 48% |
| 2023 | 227,438 | 221,648 | 5,790 | 3.8 | 63% |
| 2024 | 270,970 | 270,493 | 477 | 3.1 | 53% |
In its most recent public year (2024), this organization brought in $477 more than it spent. Its reserves stood at about 3.1 months of spending, down from 9.2 in 2011. Staff pay was 53% 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 2024. 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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