Gage Academy Of Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,719,307 | 1,697,448 | 21,859 | 2.4 | 28% |
| 2011 | 1,947,141 | 1,871,925 | 75,216 | 2.7 | 28% |
| 2012 | 1,944,099 | 1,921,148 | 22,951 | 2.8 | 30% |
| 2013 | 2,102,977 | 2,268,466 | −165,489 | 1.5 | 34% |
| 2014 | 2,073,818 | 2,288,980 | −215,162 | 0.3 | 31% |
| 2015 | 3,383,307 | 2,332,684 | 1,050,623 | 5.8 | 36% |
| 2016 | 2,385,889 | 2,329,343 | 56,546 | 6.1 | 38% |
| 2017 | 2,591,593 | 2,623,482 | −31,889 | 5.6 | 37% |
| 2018 | 2,952,073 | 2,690,710 | 261,363 | 7.0 | 42% |
| 2019 | 2,864,413 | 2,821,673 | 42,740 | 7.0 | 42% |
| 2020 | 2,753,826 | 2,684,872 | 68,954 | 8.3 | 44% |
| 2021 | 2,623,877 | 2,330,328 | 293,549 | 12.5 | 46% |
| 2022 | 2,536,087 | 2,674,334 | −138,247 | 8.9 | 46% |
| 2023 | 2,571,537 | 2,952,292 | −380,755 | 7.2 | 44% |
In its most recent public year (2023), this organization spent $380,755 more than it brought in. Its reserves stood at about 7.2 months of spending, up from 2.4 in 2010. Staff pay was 44% of spending. $1,739,822 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
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