Kent Art Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 33,173 | 38,953 | −5,780 | 180.3 | 8% |
| 2021 | 68,585 | 47,369 | 21,216 | 153.7 | 29% |
| 2022 | 50,673 | 67,255 | −16,582 | 105.3 | 34% |
| 2023 | 49,625 | 68,474 | −18,849 | 100.1 | 38% |
In its most recent public year (2023), this organization spent $18,849 more than it brought in. Its reserves stood at about 100.1 months of spending, down from 180.3 in 2020. Staff pay was 38% 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
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