The African American Art And Culture Complex
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,824,585 | 1,214,126 | 610,459 | 7.2 | 29% |
| 2012 | 720,443 | 1,114,881 | −394,438 | 3.6 | 34% |
| 2013 | 914,111 | 1,076,359 | −162,248 | 1.9 | 33% |
| 2014 | 1,136,655 | 1,161,095 | −24,440 | 1.5 | 32% |
| 2015 | 1,160,514 | 1,170,553 | −10,039 | 0.3 | 28% |
| 2016 | 1,215,997 | 1,218,421 | −2,424 | 0.2 | 28% |
| 2017 | 1,196,720 | 1,123,979 | 72,741 | 1.2 | 26% |
| 2018 | 1,370,884 | 1,196,354 | 174,530 | 2.6 | 30% |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 2,076,793 | 1,562,942 | 513,851 | 7.7 | 20% |
| 2021 | 1,658,982 | 1,610,448 | 48,534 | 7.9 | 26% |
| 2022 | 3,010,947 | 3,149,808 | −138,861 | 4.5 | 14% |
| 2023 | 4,451,109 | 4,639,183 | −188,074 | 2.6 | 8% |
In its most recent public year (2023), this organization spent $188,074 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 7.2 in 2011. Staff pay was 8% of spending. $200,000 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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