Historic Morganton Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 289,547 | 312,257 | −22,710 | 1.9 | 4% |
| 2012 | 296,121 | 261,133 | 34,988 | 3.8 | 4% |
| 2013 | 334,902 | 305,993 | 28,909 | 4.5 | 4% |
| 2014 | 310,000 | 348,618 | −38,618 | 2.6 | 5% |
| 2015 | 314,242 | 330,058 | −15,816 | 2.1 | 3% |
| 2016 | 279,887 | 290,640 | −10,753 | 2.0 | 2% |
| 2017 | 316,833 | 318,055 | −1,222 | 1.8 | 5% |
| 2018 | 312,822 | 268,793 | 44,029 | 4.1 | 7% |
| 2019 | 322,801 | 329,297 | −6,496 | 3.1 | 6% |
| 2020 | 19,770 | 42,079 | −22,309 | 17.9 | 8% |
| 2021 | 98,436 | 85,376 | 13,060 | 10.6 | 0% |
| 2022 | 250,761 | 244,394 | 6,367 | 4.1 | 0% |
| 2023 | 331,333 | 294,219 | 37,114 | 4.9 | 0% |
In its most recent public year (2023), this organization brought in $37,114 more than it spent. Its reserves stood at about 4.9 months of spending, up from 1.9 in 2011. Staff pay was 0% 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
Historic Morganton Festival Inc'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