Mystic Museum Of Art Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 790,217 | 757,478 | 32,739 | 50.1 | 62% |
| 2021 | 1,751,745 | 1,003,460 | 748,285 | 48.4 | 10% |
| 2022 | 1,680,837 | 1,118,424 | 562,413 | 47.4 | 41% |
| 2023 | 1,380,936 | 977,433 | 403,503 | 61.8 | 44% |
In its most recent public year (2023), this organization brought in $403,503 more than it spent. Its reserves stood at about 61.8 months of spending, up from 50.1 in 2020. Staff pay was 44% of spending. $659,273 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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