Phillips Collection
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,717,808 | 13,382,192 | −3,664,384 | 67.0 | 39% |
| 2012 | 9,010,752 | 13,409,176 | −4,398,424 | 62.3 | 41% |
| 2013 | 9,810,914 | 12,710,548 | −2,899,634 | 67.8 | 42% |
| 2014 | 15,089,317 | 13,177,359 | 1,911,958 | 69.4 | 43% |
| 2015 | 18,082,990 | 13,081,054 | 5,001,936 | 72.1 | 40% |
| 2016 | 24,514,047 | 13,830,568 | 10,683,479 | 75.3 | 41% |
| 2017 | 16,588,833 | 13,559,889 | 3,028,944 | 83.4 | 43% |
| 2018 | 13,932,391 | 13,801,859 | 130,532 | 84.0 | 43% |
| 2019 | 21,813,601 | 14,555,535 | 7,258,066 | 84.7 | 42% |
| 2020 | 10,501,207 | 13,934,451 | −3,433,244 | 86.8 | 42% |
| 2021 | 17,753,788 | 13,060,797 | 4,692,991 | 110.5 | 44% |
| 2022 | 15,615,081 | 16,089,293 | −474,212 | 84.5 | 39% |
| 2023 | 21,268,355 | 16,615,354 | 4,653,001 | 87.0 | 45% |
In its most recent public year (2023), this organization brought in $4,653,001 more than it spent. Its reserves stood at about 87 months of spending, up from 67 in 2011. Staff pay was 45% of spending. $85,689,849 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
Phillips Collection's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works