Art Museum New Bedford Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 525,354 | 594,138 | −68,784 | 6.4 | 44% |
| 2021 | 569,399 | 526,532 | 42,867 | 7.9 | 53% |
| 2022 | 302,037 | 443,033 | −140,996 | 5.5 | 59% |
In its most recent public year (2022), this organization spent $140,996 more than it brought in. Its reserves stood at about 5.5 months of spending. Staff pay was 59% 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 2022. 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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