Carmel Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 317,138 | 389,744 | −72,606 | 19.0 | 57% |
| 2012 | 404,027 | 327,435 | 76,592 | 25.6 | 49% |
| 2013 | 402,458 | 347,281 | 55,177 | 26.0 | 49% |
| 2014 | 534,151 | 405,906 | 128,245 | 26.0 | 50% |
| 2015 | 474,458 | 461,119 | 13,339 | 23.3 | 44% |
| 2016 | 512,972 | 472,094 | 40,878 | 23.8 | 49% |
| 2017 | 633,534 | 538,125 | 95,409 | 23.0 | 46% |
| 2018 | 513,089 | 487,671 | 25,418 | 26.0 | 51% |
| 2019 | 492,096 | 472,508 | 19,588 | 27.3 | 51% |
| 2020 | 340,834 | 305,180 | 35,654 | 43.6 | 36% |
| 2021 | 589,995 | 431,257 | 158,738 | 35.3 | 51% |
| 2022 | 685,755 | 615,165 | 70,590 | 26.3 | 52% |
| 2023 | 524,069 | 619,803 | −95,734 | 24.2 | 52% |
In its most recent public year (2023), this organization spent $95,734 more than it brought in. Its reserves stood at about 24.2 months of spending, up from 19 in 2011. Staff pay was 52% of spending. $300,370 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
Carmel Art Association'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