Birmingham Museum Of Art Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 324,250 | 397,631 | −73,381 | 51.3 | 8% |
| 2022 | 280,920 | 429,708 | −148,788 | 43.2 | 7% |
| 2023 | 122,791 | 427,370 | −304,579 | 34.8 | 5% |
In its most recent public year (2023), this organization spent $304,579 more than it brought in. Its reserves stood at about 34.8 months of spending, down from 51.3 in 2021. Staff pay was 5% of spending.
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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