Norman Lowell Art Gallery Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,046,924 | 49,853 | 997,071 | 210.1 | 0% |
| 2017 | 363,192 | 221,198 | 141,994 | 57.2 | 0% |
| 2018 | 185,020 | 475,357 | −290,337 | 19.3 | 0% |
| 2019 | 92,443 | 178,368 | −85,925 | 45.5 | 32% |
| 2020 | 55,014 | 119,285 | −64,271 | 61.5 | 44% |
| 2021 | 122,854 | 108,317 | 14,537 | 69.3 | 34% |
| 2022 | 69,821 | 111,784 | −41,963 | 62.5 | 37% |
| 2023 | 83,740 | 107,732 | −23,992 | 62.4 | 30% |
In its most recent public year (2023), this organization spent $23,992 more than it brought in. Its reserves stood at about 62.4 months of spending, down from 210.1 in 2016. Staff pay was 30% 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
Norman Lowell Art Gallery Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works