Luminarts Cultural Foundation At The Union League Club Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 691,165 | 445,513 | 245,652 | 39.8 | 38% |
| 2013 | 563,670 | 609,338 | −45,668 | 29.6 | 27% |
| 2014 | 753,410 | 585,051 | 168,359 | 34.9 | 26% |
| 2015 | 760,183 | 558,538 | 201,645 | 40.2 | 45% |
| 2016 | 709,459 | 566,621 | 142,838 | 37.4 | 48% |
| 2017 | 665,734 | 632,150 | 33,584 | 40.0 | 43% |
| 2018 | 877,363 | 658,115 | 219,248 | 40.3 | 41% |
| 2019 | 559,419 | 654,758 | −95,339 | 38.4 | 43% |
| 2020 | 630,243 | 687,569 | −57,326 | 35.6 | 43% |
| 2021 | 672,280 | 685,221 | −12,941 | 42.6 | 43% |
| 2022 | 1,017,926 | 710,147 | 307,779 | 45.2 | 45% |
| 2023 | 1,851,663 | 860,258 | 991,405 | 42.6 | 40% |
In its most recent public year (2023), this organization brought in $991,405 more than it spent. Its reserves stood at about 42.6 months of spending, up from 39.8 in 2012. Staff pay was 40% of spending. $1,668,323 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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