Duluth Art Institute Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 315,914 | 400,946 | −85,032 | 12.8 | 41% |
| 2013 | 394,177 | 450,276 | −56,099 | 9.9 | 38% |
| 2014 | 398,607 | 409,858 | −11,251 | 10.6 | 36% |
| 2015 | 417,392 | 358,255 | 59,137 | 14.1 | 34% |
| 2016 | 220,272 | 204,939 | 15,333 | 29.6 | 32% |
| 2017 | 310,601 | 400,539 | −89,938 | 12.6 | 34% |
| 2018 | 450,605 | 462,708 | −12,103 | 10.6 | 38% |
| 2019 | 455,546 | 497,156 | −41,610 | 8.9 | 39% |
| 2020 | 439,114 | 403,015 | 36,099 | 12.2 | 52% |
| 2021 | 410,312 | 436,824 | −26,512 | 10.7 | 49% |
| 2022 | 442,991 | 568,122 | −125,131 | 5.2 | 40% |
| 2023 | 604,447 | 560,310 | 44,137 | 6.3 | 42% |
In its most recent public year (2023), this organization brought in $44,137 more than it spent. Its reserves stood at about 6.3 months of spending, down from 12.8 in 2012. Staff pay was 42% of spending. $64,943 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
Duluth Art Institute Association'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