Long Beach Museum Of Art Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,856,704 | 2,302,637 | −445,933 | 25.1 | 48% |
| 2012 | 881,824 | 1,264,997 | −383,173 | 42.6 | 42% |
| 2013 | 800,698 | 1,226,488 | −425,790 | 39.9 | 52% |
| 2014 | 1,329,936 | 1,548,303 | −218,367 | 29.8 | 46% |
| 2015 | 2,867,277 | 1,719,440 | 1,147,837 | 34.8 | 52% |
| 2016 | 997,501 | 1,574,848 | −577,347 | 34.0 | 52% |
| 2017 | 1,436,758 | 1,612,856 | −176,098 | 32.4 | 54% |
| 2018 | 3,019,133 | 1,872,706 | 1,146,427 | 35.1 | 52% |
| 2019 | 1,885,519 | 2,074,592 | −189,073 | 30.1 | 53% |
| 2020 | 1,514,327 | 1,667,923 | −153,596 | 36.0 | 52% |
| 2021 | 1,952,498 | 1,623,398 | 329,100 | 40.6 | 46% |
| 2022 | 2,385,498 | 2,115,002 | 270,496 | 31.1 | 50% |
| 2023 | 2,347,225 | 2,404,417 | −57,192 | 27.5 | 51% |
In its most recent public year (2023), this organization spent $57,192 more than it brought in. Its reserves stood at about 27.5 months of spending, up from 25.1 in 2011. Staff pay was 51% of spending. $1,682,169 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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