Richmond Art Museum Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 245,547 | 259,085 | −13,538 | 61.5 | 39% |
| 2012 | 353,814 | 304,816 | 48,998 | 51.9 | 33% |
| 2013 | 295,105 | 315,699 | −20,594 | 53.0 | 37% |
| 2014 | 464,672 | 380,694 | 83,978 | 48.3 | 30% |
| 2015 | 534,697 | 436,335 | 98,362 | 43.9 | 28% |
| 2016 | 1,013,828 | 433,501 | 580,327 | 57.0 | 30% |
| 2017 | 944,475 | 532,285 | 412,190 | 57.6 | 25% |
| 2018 | 410,878 | 392,618 | 18,260 | 79.3 | 34% |
| 2019 | 380,270 | 437,307 | −57,037 | 67.4 | 41% |
| 2020 | 511,869 | 501,308 | 10,561 | 59.2 | 36% |
| 2021 | 562,114 | 458,154 | 103,960 | 69.1 | 34% |
| 2022 | 637,267 | 483,509 | 153,758 | 64.4 | 36% |
| 2023 | 521,342 | 521,421 | −79 | 58.8 | 37% |
In its most recent public year (2023), this organization spent $79 more than it brought in. Its reserves stood at about 58.8 months of spending, down from 61.5 in 2011. Staff pay was 37% of spending. $473,963 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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