The Museum For African Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,981,791 | 2,774,593 | 7,207,198 | 331.5 | 32% |
| 2021 | 2,558,651 | 2,456,459 | 102,192 | 375.0 | 38% |
| 2022 | 1,548,448 | 3,008,952 | −1,460,504 | 300.1 | 42% |
| 2023 | 1,738,866 | 3,402,371 | −1,663,505 | 259.6 | 39% |
In its most recent public year (2023), this organization spent $1,663,505 more than it brought in. Its reserves stood at about 259.6 months of spending, down from 331.5 in 2020. Staff pay was 39% of spending. $12,482,648 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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