Newport Art Museum And Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,549,449 | 1,561,370 | −11,921 | 53.2 | 44% |
| 2012 | 1,550,920 | 1,646,387 | −95,467 | 51.3 | 44% |
| 2013 | 1,408,530 | 1,654,996 | −246,466 | 51.9 | 44% |
| 2014 | 1,368,865 | 1,786,274 | −417,409 | 45.6 | 40% |
| 2015 | 1,278,301 | 1,723,950 | −445,649 | 44.0 | 40% |
| 2016 | 6,110,268 | 1,712,663 | 4,397,605 | 76.1 | 46% |
| 2017 | 1,685,238 | 1,789,203 | −103,965 | 78.8 | 43% |
| 2018 | 1,601,795 | 1,855,294 | −253,499 | 69.1 | 46% |
| 2019 | 1,585,617 | 1,974,524 | −388,907 | 70.7 | 44% |
| 2020 | 1,388,480 | 1,638,850 | −250,370 | 90.4 | 41% |
| 2021 | 1,275,755 | 1,754,570 | −478,815 | 87.7 | 41% |
| 2022 | 1,404,768 | 2,001,859 | −597,091 | 63.0 | 40% |
| 2023 | 1,401,027 | 1,979,278 | −578,251 | 65.7 | 44% |
In its most recent public year (2023), this organization spent $578,251 more than it brought in. Its reserves stood at about 65.7 months of spending, up from 53.2 in 2011. Staff pay was 44% 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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