Galveston Arts Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 508,446 | 262,236 | 246,210 | 104.9 | 35% |
| 2012 | 281,683 | 274,259 | 7,424 | 100.6 | 39% |
| 2013 | 195,181 | 240,277 | −45,096 | 112.6 | 43% |
| 2014 | 326,358 | 223,643 | 102,715 | 126.2 | 40% |
| 2015 | 1,701,135 | 352,517 | 1,348,618 | 125.4 | 31% |
| 2016 | 442,341 | 538,260 | −95,919 | 80.0 | 39% |
| 2017 | 655,114 | 576,952 | 78,162 | 76.3 | 35% |
| 2018 | 535,024 | 627,336 | −92,312 | 68.4 | 36% |
| 2019 | 509,133 | 540,108 | −30,975 | 78.8 | 32% |
| 2020 | 473,240 | 524,616 | −51,376 | 78.1 | 36% |
| 2021 | 451,790 | 545,616 | −93,826 | 73.0 | 39% |
| 2022 | 424,300 | 593,720 | −169,420 | 64.5 | 35% |
| 2023 | 567,659 | 586,505 | −18,846 | 65.4 | 38% |
In its most recent public year (2023), this organization spent $18,846 more than it brought in. Its reserves stood at about 65.4 months of spending, down from 104.9 in 2011. Staff pay was 38% of spending. $3,398,631 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
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