Operating record

Craven Arts Council And Gallery Inc

New Bern, NC · EIN 58-1404792 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$228,548$224,519$4,02919.452%
2021$345,445$290,783$54,66217.340%
2022$227,345$243,059−$15,71419.946%
2023$274,398$296,273−$21,87515.440%

In its most recent public year (2023), this organization spent $21,875 more than it brought in. Its reserves stood at about 15.4 months of spending, down from 19.4 in 2020. Staff pay was 40% 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 ↗