Foundation Of African American Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,003,468 | 807,483 | 195,985 | -2.1 | 37% |
| 2012 | 869,596 | 1,057,081 | −187,485 | -4.1 | 27% |
| 2013 | 807,335 | 783,539 | 23,796 | -5.6 | 37% |
| 2014 | 888,375 | 769,400 | 118,975 | -4.5 | 31% |
| 2015 | 987,495 | 1,142,250 | −154,755 | 7.9 | 26% |
| 2016 | 1,157,747 | 1,141,984 | 15,763 | 8.5 | 28% |
| 2018 | 896,743 | 1,109,568 | −212,825 | 4.3 | 26% |
| 2019 | 855,341 | 1,054,904 | −199,563 | 3.7 | 32% |
| 2020 | 992,296 | 899,583 | 92,713 | 7.4 | 40% |
| 2021 | 925,189 | 1,093,651 | −168,462 | 5.5 | 31% |
| 2022 | 975,050 | 1,293,104 | −318,054 | 3.4 | 5% |
In its most recent public year (2022), this organization spent $318,054 more than it brought in. Its reserves stood at about 3.4 months of spending, up from -2.1 in 2011. Staff pay was 5% 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 2022. 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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