Arts Council Wichita Falls Area Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,243,027 | 737,185 | 505,842 | 86.5 | 40% |
| 2012 | 820,124 | 791,153 | 28,971 | 80.4 | 38% |
| 2013 | 1,732,088 | 854,174 | 877,914 | 87.6 | 5% |
| 2014 | 1,711,341 | 822,902 | 888,439 | 104.2 | 6% |
| 2015 | 681,755 | 962,828 | −281,073 | 85.5 | 5% |
| 2016 | 811,871 | 1,028,071 | −216,200 | 77.4 | 5% |
| 2017 | 754,486 | 1,002,952 | −248,466 | 76.6 | 9% |
| 2018 | 742,195 | 1,038,268 | −296,073 | 70.7 | 5% |
| 2019 | 892,252 | 959,912 | −67,660 | 75.5 | 5% |
| 2020 | 797,956 | 913,595 | −115,639 | 77.6 | 42% |
| 2021 | 1,181,821 | 856,285 | 325,536 | 87.5 | 40% |
| 2022 | 1,326,135 | 994,693 | 331,442 | 78.9 | 42% |
| 2023 | 1,066,731 | 1,126,792 | −60,061 | 68.9 | 5% |
In its most recent public year (2023), this organization spent $60,061 more than it brought in. Its reserves stood at about 68.9 months of spending, down from 86.5 in 2011. Staff pay was 5% of spending. $183,835 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
Arts Council Wichita Falls Area Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works