Florence Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 81,434 | 60,138 | 21,296 | 81.4 | — |
| 2020 | 72,903 | 48,996 | 23,907 | 105.8 | — |
| 2021 | 54,510 | 59,720 | −5,210 | 70.6 | — |
| 2022 | 104,400 | 91,038 | 13,362 | 48.1 | — |
| 2023 | 55,985 | 72,665 | −16,680 | 57.4 | — |
In its most recent public year (2023), this organization spent $16,680 more than it brought in. Its reserves stood at about 57.4 months of spending, down from 81.4 in 2019.
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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