Delaware Art Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,971,467 | 5,040,635 | −2,069,168 | 125.2 | 40% |
| 2021 | 5,141,343 | 5,356,084 | −214,741 | 123.8 | 32% |
| 2022 | −67,904 | 5,594,461 | −5,662,365 | 102.9 | 38% |
| 2023 | 5,124,381 | 6,318,169 | −1,193,788 | 94.3 | 4% |
In its most recent public year (2023), this organization spent $1,193,788 more than it brought in. Its reserves stood at about 94.3 months of spending, down from 125.2 in 2020. Staff pay was 4% of spending. $9,508,321 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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