Carolina Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,264,956 | 1,667,385 | 2,597,571 | 39.8 | 40% |
| 2012 | 2,303,312 | 1,670,326 | 632,986 | 44.1 | 43% |
| 2013 | 2,549,883 | 1,907,049 | 642,834 | 43.9 | 8% |
| 2014 | 3,924,104 | 2,148,729 | 1,775,375 | 49.5 | 41% |
| 2015 | 5,198,448 | 2,303,262 | 2,895,186 | 61.0 | 38% |
| 2016 | 6,275,898 | 2,193,125 | 4,082,773 | 86.1 | 40% |
| 2017 | 3,119,972 | 2,971,358 | 148,614 | 64.5 | 36% |
| 2018 | 2,539,185 | 2,924,381 | −385,196 | 64.2 | 36% |
| 2019 | 2,857,041 | 3,070,243 | −213,202 | 60.5 | 26% |
| 2020 | 2,864,390 | 2,898,365 | −33,975 | 65.1 | 39% |
| 2021 | 3,674,900 | 2,598,586 | 1,076,314 | 80.6 | 39% |
| 2022 | 3,838,439 | 3,867,286 | −28,847 | 53.1 | 30% |
| 2023 | 7,213,637 | 4,484,062 | 2,729,575 | 54.2 | 31% |
In its most recent public year (2023), this organization brought in $2,729,575 more than it spent. Its reserves stood at about 54.2 months of spending, up from 39.8 in 2011. Staff pay was 31% of spending. $4,922,772 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
Carolina Art Association'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