Gloucester Arts On Main Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 62,439 | 87,933 | −25,494 | -3.5 | 19% |
| 2013 | 109,374 | 96,891 | 12,483 | -1.6 | 12% |
| 2014 | 90,402 | 95,263 | −4,861 | -2.2 | 7% |
| 2015 | 159,217 | 140,155 | 19,062 | 1.4 | 17% |
| 2016 | 150,006 | 153,535 | −3,529 | 1.0 | 15% |
| 2017 | 155,410 | 134,836 | 20,574 | 3.0 | 26% |
| 2018 | 175,488 | 150,823 | 24,665 | 4.6 | — |
| 2019 | 305,389 | 247,742 | 57,647 | 5.6 | 25% |
| 2020 | 309,637 | 283,004 | 26,633 | 6.0 | 31% |
| 2021 | 461,377 | 278,237 | 183,140 | 14.0 | 24% |
| 2022 | 752,799 | 336,622 | 416,177 | 26.4 | 28% |
| 2023 | 285,912 | 314,166 | −28,254 | 27.2 | 37% |
In its most recent public year (2023), this organization spent $28,254 more than it brought in. Its reserves stood at about 27.2 months of spending, up from -3.5 in 2012. Staff pay was 37% of spending. $373,411 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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