Arts Council Of Midland
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 368,251 | 408,097 | −39,846 | 3.8 | 23% |
| 2012 | 360,431 | 341,374 | 19,057 | 4.7 | 25% |
| 2013 | 342,777 | 383,134 | −40,357 | 2.9 | 21% |
| 2014 | 397,816 | 333,866 | 63,950 | 5.7 | 29% |
| 2015 | 350,196 | 332,761 | 17,435 | 6.3 | 29% |
| 2016 | 519,760 | 338,182 | 181,578 | 12.7 | 24% |
| 2017 | 402,521 | 369,382 | 33,139 | 12.8 | 26% |
| 2018 | 418,520 | 374,301 | 44,219 | 14.2 | 26% |
| 2019 | 508,179 | 404,255 | 103,924 | 17.6 | 33% |
| 2020 | 479,826 | 380,807 | 99,019 | 21.8 | 38% |
| 2021 | 529,603 | 409,373 | 120,230 | 24.1 | 28% |
| 2022 | 567,392 | 449,125 | 118,267 | 24.9 | 34% |
| 2023 | 554,399 | 528,523 | 25,876 | 21.8 | 30% |
In its most recent public year (2023), this organization brought in $25,876 more than it spent. Its reserves stood at about 21.8 months of spending, up from 3.8 in 2011. Staff pay was 30% 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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