Newark Museum Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,408,316 | 17,376,790 | 31,526 | 46.3 | 41% |
| 2012 | 16,224,611 | 18,300,506 | −2,075,895 | 44.3 | 41% |
| 2013 | 15,674,393 | 14,886,473 | 787,920 | 58.9 | 41% |
| 2014 | 16,108,867 | 14,771,859 | 1,337,008 | 60.6 | 38% |
| 2015 | 13,818,568 | 15,911,026 | −2,092,458 | 52.1 | 36% |
| 2016 | 12,812,060 | 17,485,201 | −4,673,141 | 45.2 | 39% |
| 2017 | 17,076,249 | 20,015,203 | −2,938,954 | 39.4 | 36% |
| 2018 | 21,537,638 | 15,286,992 | 6,250,646 | 48.1 | 43% |
| 2019 | 12,081,101 | 15,251,382 | −3,170,281 | 48.9 | 44% |
| 2020 | 11,736,749 | 15,130,760 | −3,394,011 | 49.5 | 46% |
| 2021 | 33,964,570 | 17,816,141 | 16,148,429 | 53.8 | 37% |
| 2022 | 12,872,611 | 25,733,529 | −12,860,918 | 28.0 | 27% |
| 2023 | 18,158,765 | 20,058,468 | −1,899,703 | 36.4 | 40% |
In its most recent public year (2023), this organization spent $1,899,703 more than it brought in. Its reserves stood at about 36.4 months of spending, down from 46.3 in 2011. Staff pay was 40% of spending. $14,803,702 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
Newark Museum Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works