Magic Valley Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 325,302 | 214,483 | 110,819 | 77.1 | 18% |
| 2014 | 222,191 | 270,166 | −47,975 | 57.9 | 16% |
| 2015 | 264,624 | 286,571 | −21,947 | 53.6 | 16% |
| 2017 | 333,440 | 353,935 | −20,495 | 40.2 | 26% |
| 2018 | 360,786 | 379,931 | −19,145 | 36.8 | 26% |
| 2019 | 360,757 | 380,171 | −19,414 | 36.2 | 27% |
| 2020 | 308,979 | 341,971 | −32,992 | 39.1 | 32% |
| 2021 | 302,016 | 300,255 | 1,761 | 44.6 | 28% |
| 2022 | 359,338 | 351,159 | 8,179 | 38.4 | 28% |
| 2023 | 345,759 | 346,458 | −699 | 38.9 | 35% |
| 2024 | 345,620 | 366,380 | −20,760 | 36.1 | 35% |
In its most recent public year (2024), this organization spent $20,760 more than it brought in. Its reserves stood at about 36.1 months of spending, down from 77.1 in 2012. Staff pay was 35% 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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