The Visual Arts Center Of Richmond
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,510,008 | 1,850,462 | −340,454 | 35.3 | 30% |
| 2012 | 1,611,317 | 1,764,212 | −152,895 | 36.0 | 35% |
| 2013 | 1,645,342 | 1,870,793 | −225,451 | 32.9 | 34% |
| 2014 | 1,683,966 | 1,832,472 | −148,506 | 33.3 | 37% |
| 2015 | 1,746,188 | 1,881,405 | −135,217 | 31.6 | 34% |
| 2016 | 1,811,189 | 1,947,107 | −135,918 | 29.4 | 27% |
| 2017 | 1,875,325 | 2,144,807 | −269,482 | 25.5 | 28% |
| 2018 | 2,231,183 | 2,283,125 | −51,942 | 24.0 | 31% |
| 2019 | 2,637,582 | 2,505,644 | 131,938 | 22.6 | 29% |
| 2020 | 2,370,720 | 2,342,372 | 28,348 | 24.3 | 33% |
| 2021 | 2,195,579 | 1,486,536 | 709,043 | 46.0 | 45% |
| 2022 | 2,283,077 | 2,243,714 | 39,363 | 30.7 | 36% |
| 2023 | 2,843,038 | 3,088,784 | −245,746 | 21.3 | 52% |
| 2024 | 2,836,190 | 3,173,080 | −336,890 | 19.7 | 53% |
In its most recent public year (2024), this organization spent $336,890 more than it brought in. Its reserves stood at about 19.7 months of spending, down from 35.3 in 2011. Staff pay was 53% of spending. $929,134 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 2024. 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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