Friends Of Modern Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,602 | 26,200 | 3,402 | 49.1 | 0% |
| 2012 | 45,929 | 29,636 | 16,293 | 50.0 | 0% |
| 2013 | 30,211 | 50,471 | −20,260 | 24.5 | 0% |
| 2014 | 41,155 | 31,237 | 9,918 | 43.5 | 0% |
| 2015 | 21,214 | 37,725 | −16,511 | 30.7 | 0% |
| 2016 | 55,550 | 31,819 | 23,731 | 45.4 | 0% |
| 2017 | 51,214 | 25,484 | 25,730 | 68.8 | 0% |
| 2018 | 23,162 | 23,606 | −444 | 74.0 | 0% |
| 2019 | 28,724 | 22,150 | 6,574 | 82.5 | 0% |
| 2020 | −3,711 | 28,506 | −32,217 | 50.5 | 0% |
| 2021 | 10,004 | 29,281 | −19,277 | 41.3 | 0% |
| 2022 | 38,951 | 34,711 | 4,240 | 36.3 | 0% |
| 2023 | 54,178 | 61,259 | −7,081 | 19.2 | 0% |
In its most recent public year (2023), this organization spent $7,081 more than it brought in. Its reserves stood at about 19.2 months of spending, down from 49.1 in 2011. Staff pay was 0% 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 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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