Institute For Art And Living
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 234,442 | 219,176 | 15,266 | -0.1 | 18% |
| 2012 | 250,431 | 251,224 | −793 | -0.1 | 36% |
| 2013 | 296,586 | 300,775 | −4,189 | -0.3 | 30% |
| 2014 | 256,044 | 244,846 | 11,198 | 0.2 | 37% |
| 2015 | 253,698 | 265,188 | −11,490 | -0.3 | 34% |
| 2016 | 324,025 | 290,436 | 33,589 | 1.1 | 34% |
| 2017 | 272,521 | 287,737 | −15,216 | 0.4 | 36% |
| 2018 | 312,253 | 305,960 | 6,293 | 0.7 | 41% |
| 2019 | 325,935 | 304,719 | 21,216 | 1.5 | 40% |
| 2020 | 208,816 | 224,598 | −15,782 | 1.2 | 47% |
| 2021 | 258,840 | 204,823 | 54,017 | 4.5 | 53% |
| 2022 | 207,901 | 250,901 | −43,000 | 1.6 | 55% |
| 2023 | 194,731 | 293,074 | −98,343 | -2.7 | 55% |
In its most recent public year (2023), this organization spent $98,343 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.7 months), down from -0.1 in 2011. Staff pay was 55% 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
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