Skagit Valley Tulip Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 196,701 | 230,527 | −33,826 | 1.9 | 48% |
| 2021 | 245,466 | 239,840 | 5,626 | 2.1 | 49% |
| 2022 | 256,979 | 265,560 | −8,581 | 1.5 | 42% |
| 2023 | 344,632 | 323,887 | 20,745 | 2.0 | 43% |
In its most recent public year (2023), this organization brought in $20,745 more than it spent. Its reserves stood at about 2 months of spending. Staff pay was 43% of spending. $15,000 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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