In the CV™Suite, it is important to differentiate between “data years,” “calendar years,” and “fiscal years.” A “data year” in the CV™Suite refers to the actual year that the data represent. For example, 2012 occupation figures reflect jobs in 2012. A “calendar” year simply refers to the actual year when data was released. An example of the difference between “data” and “calendar” years would be that nonprofit revenue for data year 2011 was released in the calendar year 2013. The lag between data and calendar years is due to data collection and processing procedures. Finally, “fiscal year” refers to how a specific data-collection agency, such as the National Endowment for the Arts, defines its budget cycle. While the CV™Suite site does not surface data by “fiscal year,” it is important to understand how the different definitions of years affect the data so that accurate results can be reported.

 

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