Art Institute Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 397,084,961 | 312,911,433 | 84,173,528 | 38.6 | 23% |
| 2012 | 242,355,755 | 243,138,473 | −782,718 | 47.2 | 31% |
| 2013 | 253,332,003 | 270,250,707 | −16,918,704 | 46.0 | 29% |
| 2014 | 315,341,827 | 269,267,554 | 46,074,273 | 53.2 | 31% |
| 2015 | 312,795,230 | 284,630,507 | 28,164,723 | 49.9 | 32% |
| 2016 | 351,340,573 | 295,092,926 | 56,247,647 | 47.6 | 32% |
| 2017 | 319,311,842 | 315,496,942 | 3,814,900 | 48.2 | 31% |
| 2018 | 347,404,695 | 317,307,084 | 30,097,611 | 50.9 | 32% |
| 2019 | 376,442,984 | 324,519,159 | 51,923,825 | 51.5 | 33% |
| 2020 | 351,772,088 | 316,818,865 | 34,953,223 | 53.5 | 35% |
| 2021 | 324,720,371 | 290,704,939 | 34,015,432 | 72.4 | 34% |
| 2022 | 414,893,991 | 299,911,678 | 114,982,313 | 62.1 | 35% |
| 2023 | 359,509,602 | 339,959,523 | 19,550,079 | 57.4 | 32% |
In its most recent public year (2023), this organization brought in $19,550,079 more than it spent. Its reserves stood at about 57.4 months of spending, up from 38.6 in 2011. Staff pay was 32% of spending. $984,501,971 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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