Corinth Area Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 27,393 | 42,018 | −14,625 | 21.7 | — |
| 2021 | 80,303 | 74,659 | 5,644 | 13.1 | — |
| 2022 | 124,003 | 132,385 | −8,382 | 6.6 | — |
| 2023 | 110,552 | 106,919 | 3,633 | 8.6 | — |
In its most recent public year (2023), this organization brought in $3,633 more than it spent. Its reserves stood at about 8.6 months of spending, down from 21.7 in 2020.
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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