Ann Arbor Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 762,401 | 572,527 | 189,874 | 55.0 | 26% |
| 2021 | 2,251,319 | 1,324,052 | 927,267 | 32.2 | 33% |
| 2022 | 1,595,540 | 1,226,258 | 369,282 | 37.7 | 39% |
| 2023 | 1,477,936 | 1,511,212 | −33,276 | 30.4 | 39% |
In its most recent public year (2023), this organization spent $33,276 more than it brought in. Its reserves stood at about 30.4 months of spending, down from 55 in 2020. Staff pay was 39% of spending. $643,193 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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