Gallery North Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 404,218 | 466,692 | −62,474 | 17.9 | 59% |
| 2021 | 416,383 | 466,382 | −49,999 | 16.6 | 50% |
| 2022 | 820,462 | 620,061 | 200,401 | 15.8 | 44% |
| 2023 | 2,535,185 | 668,050 | 1,867,135 | 48.4 | 46% |
In its most recent public year (2023), this organization brought in $1,867,135 more than it spent. Its reserves stood at about 48.4 months of spending, up from 17.9 in 2020. Staff pay was 46% of spending. $1,068,571 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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