Newburyport Art Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 157,046 | 214,498 | −57,452 | 33.2 | 49% |
| 2021 | 473,164 | 335,794 | 137,370 | 27.1 | 59% |
| 2022 | 265,968 | 389,013 | −123,045 | 18.7 | 60% |
| 2023 | 342,998 | 411,678 | −68,680 | 15.9 | 55% |
In its most recent public year (2023), this organization spent $68,680 more than it brought in. Its reserves stood at about 15.9 months of spending, down from 33.2 in 2020. Staff pay was 55% of spending. $142,930 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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