Visual Art Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 101,217 | 155,913 | −54,696 | 1.6 | 51% |
| 2011 | 153,660 | 137,231 | 16,429 | 3.3 | 42% |
| 2012 | 170,727 | 166,578 | 4,149 | 3.0 | 43% |
| 2013 | 159,417 | 156,844 | 2,573 | 3.3 | 38% |
| 2014 | 209,558 | 190,097 | 19,461 | 3.9 | 43% |
| 2015 | 250,337 | 234,548 | 15,789 | 4.0 | 41% |
| 2016 | 236,167 | 258,565 | −22,398 | 3.0 | 51% |
| 2017 | 260,954 | 268,485 | −7,531 | 2.6 | 50% |
| 2018 | 287,263 | 216,209 | 71,054 | 4.0 | 43% |
| 2019 | 301,035 | 262,795 | 38,240 | 5.0 | 53% |
| 2020 | 231,640 | 256,806 | −25,166 | 4.4 | 55% |
| 2021 | 388,291 | 350,744 | 37,547 | 4.6 | 60% |
| 2022 | 535,791 | 514,024 | 21,767 | 3.9 | 39% |
| 2023 | 1,009,471 | 679,116 | 330,355 | 8.8 | 35% |
In its most recent public year (2023), this organization brought in $330,355 more than it spent. Its reserves stood at about 8.8 months of spending, up from 1.6 in 2010. Staff pay was 35% of spending. $144,343 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
Visual Art Institute'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