Louis Armstrong House Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 511,046 | 681,894 | −170,848 | 8.0 | 42% |
| 2012 | 557,205 | 641,470 | −84,265 | 6.8 | 40% |
| 2013 | 604,522 | 601,098 | 3,424 | 7.4 | 41% |
| 2014 | 983,414 | 813,408 | 170,006 | 8.1 | 26% |
| 2015 | 512,955 | 753,246 | −240,291 | 5.0 | 36% |
| 2016 | 3,868,569 | 802,390 | 3,066,179 | 50.9 | 37% |
| 2017 | 981,735 | 1,661,115 | −679,380 | 19.6 | 18% |
| 2018 | 917,129 | 2,225,110 | −1,307,981 | 7.4 | 18% |
| 2019 | 668,037 | 1,173,202 | −505,165 | 9.4 | 25% |
| 2020 | 1,004,307 | 1,011,597 | −7,290 | 10.7 | 35% |
| 2021 | 1,440,649 | 1,031,384 | 409,265 | 15.7 | 28% |
| 2022 | 1,930,976 | 1,231,631 | 699,345 | 19.3 | 29% |
| 2023 | 2,383,546 | 1,761,718 | 621,828 | 17.7 | 27% |
In its most recent public year (2023), this organization brought in $621,828 more than it spent. Its reserves stood at about 17.7 months of spending, up from 8 in 2011. Staff pay was 27% of spending. $1,007,795 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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