Iowa Quilt Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 66,333 | 8,190 | 58,143 | 85.2 | — |
| 2016 | 305,766 | 65,198 | 240,568 | 55.0 | 20% |
| 2017 | 172,022 | 86,882 | 85,140 | 53.0 | 25% |
| 2018 | 85,530 | 90,078 | −4,548 | 50.5 | — |
| 2019 | 65,762 | 81,912 | −16,150 | 53.2 | — |
| 2020 | 85,449 | 78,586 | 6,863 | 56.3 | — |
| 2021 | 110,925 | 115,133 | −4,208 | 38.0 | — |
| 2022 | 84,766 | 108,781 | −24,015 | 37.5 | — |
| 2023 | 155,555 | 143,853 | 11,702 | 29.5 | — |
In its most recent public year (2023), this organization brought in $11,702 more than it spent. Its reserves stood at about 29.5 months of spending, down from 85.2 in 2015.
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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