Springfield Museums Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,947,811 | 7,843,857 | −896,046 | 88.3 | 40% |
| 2021 | 8,222,892 | 7,546,645 | 676,247 | 126.1 | 41% |
| 2022 | 9,886,411 | 7,729,425 | 2,156,986 | 124.0 | 43% |
| 2023 | 9,845,732 | 8,387,402 | 1,458,330 | 122.1 | 46% |
In its most recent public year (2023), this organization brought in $1,458,330 more than it spent. Its reserves stood at about 122.1 months of spending, up from 88.3 in 2020. Staff pay was 46% of spending. $31,364,986 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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