Lake City Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 136,227 | 103,873 | 32,354 | 216.3 | 17% |
| 2012 | 201,128 | 117,511 | 83,617 | 199.8 | 19% |
| 2013 | 81,140 | 119,450 | −38,310 | 192.7 | 19% |
| 2014 | 65,495 | 116,576 | −51,081 | 192.2 | 22% |
| 2015 | 70,730 | 117,866 | −47,136 | 185.3 | 18% |
| 2016 | 262,237 | 130,473 | 131,764 | 179.5 | 12% |
| 2017 | 66,198 | 132,694 | −66,496 | 170.5 | 10% |
| 2018 | 123,186 | 123,972 | −786 | 182.3 | 11% |
| 2019 | 133,523 | 153,901 | −20,378 | 145.3 | 5% |
| 2020 | 60,267 | 88,807 | −28,540 | 247.9 | 6% |
| 2021 | 190,518 | 144,588 | 45,930 | 156.1 | 12% |
| 2022 | 126,467 | 179,569 | −53,102 | 122.1 | 17% |
| 2023 | 186,452 | 215,709 | −29,257 | 100.0 | 22% |
In its most recent public year (2023), this organization spent $29,257 more than it brought in. Its reserves stood at about 100 months of spending, down from 216.3 in 2011. Staff pay was 22% 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
Lake City Arts Council'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