Frieze Art Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 22,365 | −22,365 | -12.0 | — |
| 2012 | 409,710 | 343,017 | 66,693 | 1.6 | 0% |
| 2013 | 318,429 | 341,237 | −22,808 | 1.7 | 6% |
| 2014 | 279,523 | 261,927 | 17,596 | 3.0 | 0% |
| 2015 | 330,691 | 356,467 | −25,776 | 1.3 | 0% |
| 2016 | 294,476 | 351,848 | −57,372 | -0.6 | 0% |
| 2017 | 313,400 | 287,707 | 25,693 | 0.3 | 0% |
| 2018 | 150,122 | 163,610 | −13,488 | -0.4 | 0% |
| 2019 | 100,000 | 100,000 | 0 | -0.7 | 0% |
| 2020 | 0 | 3,859 | −3,859 | -32.5 | 0% |
| 2021 | 0 | 3,628 | −3,628 | -45.9 | — |
| 2022 | 0 | 3,960 | −3,960 | -48.5 | — |
| 2023 | 0 | 4,773 | −4,773 | -54.3 | — |
In its most recent public year (2023), this organization spent $4,773 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-54.3 months), down from -12 in 2011.
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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