Friends Of The International Quilt Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 87,463 | 91,991 | −4,528 | 2.1 | — |
| 2021 | 141,023 | 140,712 | 311 | 1.3 | — |
| 2022 | 137,142 | 127,109 | 10,033 | 2.4 | — |
| 2023 | 41,823 | 44,317 | −2,494 | 6.1 | — |
In its most recent public year (2023), this organization spent $2,494 more than it brought in. Its reserves stood at about 6.1 months of spending, up from 2.1 in 2020.
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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