Racine Art Museum Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,465,725 | 1,832,166 | −366,441 | 79.0 | 52% |
| 2021 | 1,971,714 | 1,946,092 | 25,622 | 78.8 | 53% |
| 2022 | 2,118,021 | 2,200,688 | −82,667 | 63.5 | 50% |
| 2023 | 2,823,820 | 2,264,920 | 558,900 | 65.8 | 48% |
In its most recent public year (2023), this organization brought in $558,900 more than it spent. Its reserves stood at about 65.8 months of spending, down from 79 in 2020. Staff pay was 48% of spending. $6,326,407 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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