Cleveland Institute Of Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 34,391,585 | 36,361,440 | −1,969,855 | 23.8 | 28% |
| 2021 | 36,821,518 | 34,732,931 | 2,088,587 | 27.6 | 26% |
| 2022 | 37,790,309 | 36,780,819 | 1,009,490 | 27.5 | 26% |
| 2023 | 43,350,302 | 37,230,801 | 6,119,501 | 29.7 | 28% |
In its most recent public year (2023), this organization brought in $6,119,501 more than it spent. Its reserves stood at about 29.7 months of spending, up from 23.8 in 2020. Staff pay was 28% of spending. $33,655,000 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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