Asheville Area Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 116,611 | 174,142 | −57,531 | 19.5 | — |
| 2012 | 66,402 | 152,546 | −86,144 | 15.5 | — |
| 2013 | 137,105 | 174,022 | −36,917 | 10.8 | — |
| 2014 | 615,646 | 175,914 | 439,732 | 40.4 | 34% |
| 2015 | 261,648 | 323,172 | −61,524 | 19.7 | 31% |
| 2016 | 230,260 | 337,180 | −106,920 | 15.1 | 41% |
| 2017 | 253,218 | 302,921 | −49,703 | 15.1 | 36% |
| 2018 | 357,502 | 390,157 | −32,655 | 11.1 | 33% |
| 2019 | 279,633 | 365,470 | −85,837 | 9.1 | 38% |
| 2020 | 172,949 | 297,176 | −124,227 | 6.0 | 34% |
| 2021 | 559,867 | 490,820 | 69,047 | 6.1 | 12% |
| 2022 | 256,410 | 293,283 | −36,873 | 7.9 | 35% |
| 2023 | 641,426 | 569,174 | 72,252 | 5.7 | 30% |
In its most recent public year (2023), this organization brought in $72,252 more than it spent. Its reserves stood at about 5.7 months of spending, down from 19.5 in 2011. Staff pay was 30% of spending. $111,527 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
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