Gallery 1516 Of Regional Artists Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 30,337 | 15,151 | 15,186 | 12.0 | 0% |
| 2014 | 283,056 | 69,020 | 214,036 | 39.9 | 0% |
| 2015 | 524,811 | 66,415 | 458,396 | 124.2 | 0% |
| 2016 | 152,500 | 139,029 | 13,471 | 60.5 | 2% |
| 2017 | 656,435 | 189,457 | 466,978 | 74.0 | 5% |
| 2018 | 235,500 | 214,030 | 21,470 | 66.7 | 6% |
| 2019 | 279,067 | 277,712 | 1,355 | 51.5 | 17% |
| 2020 | 399,083 | 280,750 | 118,333 | 56.0 | 19% |
| 2021 | 327,422 | 302,003 | 25,419 | 53.0 | 24% |
| 2022 | 310,307 | 418,291 | −107,984 | 35.2 | 25% |
| 2023 | 419,955 | 380,449 | 39,506 | 39.9 | 25% |
In its most recent public year (2023), this organization brought in $39,506 more than it spent. Its reserves stood at about 39.9 months of spending, up from 12 in 2013. Staff pay was 25% 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 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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