Arts Council Of Greenwood County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 285,799 | 304,763 | −18,964 | 64.6 | 41% |
| 2021 | 391,339 | 324,770 | 66,569 | 63.1 | 44% |
| 2022 | 352,113 | 371,754 | −19,641 | 54.5 | 50% |
In its most recent public year (2022), this organization spent $19,641 more than it brought in. Its reserves stood at about 54.5 months of spending, down from 64.6 in 2020. Staff pay was 50% 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 2022. 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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