Northwest Michigan Arts And Culture Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 34,375 | 19,224 | 15,151 | 4.8 | 0% |
| 2020 | 103,231 | 96,264 | 6,967 | 3.9 | 0% |
| 2021 | 133,324 | 113,024 | 20,300 | 5.5 | 27% |
| 2022 | 138,494 | 130,136 | 8,358 | 5.6 | 23% |
| 2023 | 156,841 | 139,738 | 17,103 | 6.6 | 21% |
| 2024 | 188,734 | 224,546 | −35,812 | 3.9 | 34% |
In its most recent public year (2024), this organization spent $35,812 more than it brought in. Its reserves stood at about 3.9 months of spending. Staff pay was 34% 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 2024. 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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