The Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 286,768 | 216,908 | 69,860 | 7.1 | 44% |
| 2021 | 321,162 | 334,670 | −13,508 | 4.1 | 59% |
| 2022 | 325,311 | 362,282 | −36,971 | 2.6 | 70% |
| 2023 | 420,800 | 385,709 | 35,091 | 3.4 | 60% |
In its most recent public year (2023), this organization brought in $35,091 more than it spent. Its reserves stood at about 3.4 months of spending, down from 7.1 in 2020. Staff pay was 60% of spending. $50,000 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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