Nxt Art Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 139,454 | 81,873 | 57,581 | 8.4 | — |
| 2017 | 477,951 | 399,237 | 78,714 | 4.1 | 3% |
| 2018 | 750,942 | 664,855 | 86,087 | 4.0 | 0% |
| 2019 | 1,312,694 | 961,347 | 351,347 | 7.2 | 0% |
| 2020 | 913,528 | 1,190,514 | −276,986 | 3.0 | 0% |
| 2021 | 544,018 | 626,811 | −82,793 | 4.1 | 20% |
| 2022 | 3,057,851 | 2,362,043 | 695,808 | 4.2 | 0% |
| 2023 | 220,620 | 636,851 | −416,231 | -3.0 | 26% |
In its most recent public year (2023), this organization spent $416,231 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3 months), down from 8.4 in 2016. Staff pay was 26% 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
Nxt Art Foundation Inc'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