Richmond Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 647,582 | 677,904 | −30,322 | 3.6 | 45% |
| 2012 | 478,343 | 500,099 | −21,756 | 4.3 | 49% |
| 2013 | 900,460 | 732,679 | 167,781 | 5.4 | 54% |
| 2014 | 1,159,108 | 957,365 | 201,743 | 6.7 | 54% |
| 2015 | 1,311,788 | 990,027 | 321,761 | 10.4 | 58% |
| 2016 | 1,231,053 | 1,261,844 | −30,791 | 7.8 | 68% |
| 2017 | 1,450,609 | 1,193,563 | 257,046 | 10.9 | 68% |
| 2018 | 1,277,376 | 1,238,630 | 38,746 | 10.9 | 69% |
| 2019 | 1,465,544 | 1,451,243 | 14,301 | 9.4 | 70% |
| 2020 | 1,340,103 | 1,451,495 | −111,392 | 8.5 | 74% |
| 2021 | 1,118,190 | 938,607 | 179,583 | 15.4 | 75% |
| 2022 | 1,042,568 | 966,685 | 75,883 | 15.9 | 69% |
| 2023 | 1,004,117 | 1,300,824 | −296,707 | 9.1 | 68% |
In its most recent public year (2023), this organization spent $296,707 more than it brought in. Its reserves stood at about 9.1 months of spending, up from 3.6 in 2011. Staff pay was 68% of spending. $307,584 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
Richmond Art Center'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