Island Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 82,267 | 82,799 | −532 | 1.8 | — |
| 2012 | 99,316 | 86,387 | 12,929 | 3.5 | — |
| 2013 | 98,006 | 82,108 | 15,898 | 6.0 | — |
| 2014 | 39,531 | 48,938 | −9,407 | 7.8 | — |
| 2015 | 61,299 | 69,312 | −8,013 | 4.1 | — |
| 2016 | 68,581 | 74,098 | −5,517 | 3.0 | — |
| 2017 | 100,955 | 85,401 | 15,554 | 4.7 | — |
| 2018 | 94,649 | 89,058 | 5,591 | 5.3 | — |
| 2019 | 190,798 | 135,864 | 54,934 | 8.3 | — |
| 2020 | 81,697 | 126,620 | −44,923 | 4.8 | — |
| 2021 | 94,431 | 81,176 | 13,255 | 9.5 | — |
| 2022 | 156,499 | 104,270 | 52,229 | 13.4 | — |
| 2023 | 148,291 | 149,765 | −1,474 | 9.2 | — |
In its most recent public year (2023), this organization spent $1,474 more than it brought in. Its reserves stood at about 9.2 months of spending, up from 1.8 in 2011.
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
Island 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