Madison Museum Of Contemporary Art Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,977,334 | 751,191 | 2,226,143 | 124.6 | 0% |
| 2021 | 373,700 | 629,349 | −255,649 | 184.9 | 0% |
| 2022 | 808,502 | 349,485 | 459,017 | 338.3 | 0% |
| 2023 | 168,477 | 772,996 | −604,519 | 149.6 | 0% |
In its most recent public year (2023), this organization spent $604,519 more than it brought in. Its reserves stood at about 149.6 months of spending, up from 124.6 in 2020. Staff pay was 0% of spending. $564,739 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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