Gallery 510 Art & Framing An Illinois Art Gallery
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 55,029 | 33,923 | 21,106 | 15.5 | — |
| 2013 | 34,034 | 32,560 | 1,474 | 16.7 | — |
| 2014 | 46,960 | 35,535 | 11,425 | 19.1 | — |
| 2015 | 46,682 | 38,176 | 8,506 | 20.5 | — |
| 2016 | 41,893 | 0 | 41,893 | — | — |
| 2017 | 27,244 | 49,852 | −22,608 | 3.4 | — |
| 2018 | 81,055 | 62,557 | 18,498 | 7.2 | — |
| 2019 | 87,082 | 92,590 | −5,508 | 4.1 | 30% |
| 2020 | 72,382 | 69,840 | 2,542 | 5.9 | 0% |
| 2021 | 60,571 | 79,296 | −18,725 | 2.4 | 26% |
| 2022 | 97,514 | 69,719 | 27,795 | 7.5 | 24% |
| 2023 | 71,177 | 81,105 | −9,928 | 5.0 | 32% |
| 2024 | 90,176 | 85,963 | 4,213 | 5.3 | 34% |
In its most recent public year (2024), this organization brought in $4,213 more than it spent. Its reserves stood at about 5.3 months of spending, down from 15.5 in 2012. Staff pay was 34% of spending.
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 2024. 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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