Gertrude Herbert Institute Of Art Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 519,374 | 246,409 | 272,965 | 19.6 | 48% |
| 2021 | 233,288 | 120,101 | 113,187 | 51.6 | 26% |
| 2022 | 259,498 | 319,433 | −59,935 | 17.2 | 38% |
| 2023 | 397,980 | 317,397 | 80,583 | 20.1 | 41% |
In its most recent public year (2023), this organization brought in $80,583 more than it spent. Its reserves stood at about 20.1 months of spending. Staff pay was 41% 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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