Downtown Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 345,538 | 340,704 | 4,834 | 1.0 | 18% |
| 2011 | 352,814 | 346,945 | 5,869 | 1.1 | 19% |
| 2012 | 8,427 | 26,903 | −18,476 | 6.5 | — |
| 2020 | 43,197 | 30,456 | 12,741 | 5.0 | — |
| 2021 | 227,396 | 170,726 | 56,670 | 6.3 | 0% |
| 2022 | 658,744 | 409,300 | 249,444 | 10.0 | 0% |
| 2023 | 779,022 | 801,618 | −22,596 | 4.7 | 11% |
In its most recent public year (2023), this organization spent $22,596 more than it brought in. Its reserves stood at about 4.7 months of spending, up from 1 in 2010. Staff pay was 11% 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
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