Grand Rapids Art Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,597,709 | 7,979,077 | −2,381,368 | 100.3 | 13% |
| 2012 | 3,737,964 | 6,143,006 | −2,405,042 | 125.6 | 20% |
| 2013 | 4,487,163 | 6,064,409 | −1,577,246 | 124.1 | 19% |
| 2014 | 6,059,657 | 6,623,842 | −564,185 | 112.6 | 20% |
| 2015 | 4,984,849 | 6,923,827 | −1,938,978 | 104.3 | 23% |
| 2016 | 4,978,778 | 7,403,339 | −2,424,561 | 93.6 | 27% |
| 2017 | 11,152,064 | 6,814,539 | 4,337,525 | 109.4 | 27% |
| 2018 | 9,555,790 | 7,410,221 | 2,145,569 | 104.1 | 26% |
| 2019 | 4,229,983 | 7,647,234 | −3,417,251 | 95.5 | 25% |
| 2020 | 2,966,437 | 6,577,380 | −3,610,943 | 104.4 | 25% |
| 2021 | 12,119,660 | 6,233,946 | 5,885,714 | 121.5 | 24% |
| 2022 | 10,952,010 | 7,266,158 | 3,685,852 | 110.3 | 25% |
| 2023 | 4,844,303 | 7,892,423 | −3,048,120 | 96.9 | 22% |
In its most recent public year (2023), this organization spent $3,048,120 more than it brought in. Its reserves stood at about 96.9 months of spending, down from 100.3 in 2011. Staff pay was 22% of spending. $4,992,355 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
Grand Rapids Art Museum's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works